Brokerages Set Atento SA (NYSE:ATTO) Price Target at $5.50

Atento SA (NYSE:ATTO) has received an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.50.

A number of research firms recently commented on ATTO. ValuEngine downgraded shares of Atento from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Zacks Investment Research downgraded shares of Atento from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 19th.

A number of hedge funds have recently added to or reduced their stakes in ATTO. Russell Investments Group Ltd. boosted its holdings in Atento by 133.8% during the second quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock worth $43,000 after buying an additional 10,036 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Atento in the second quarter valued at about $64,000. LPL Financial LLC purchased a new stake in shares of Atento in the second quarter valued at about $125,000. Engine Capital Management LP lifted its holdings in shares of Atento by 120.1% in the second quarter. Engine Capital Management LP now owns 55,244 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 30,141 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Atento by 11.8% in the second quarter. GSA Capital Partners LLP now owns 78,000 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 8,216 shares in the last quarter. 74.01% of the stock is currently owned by hedge funds and other institutional investors.

ATTO stock traded down $0.14 during trading on Monday, reaching $2.70. 119,046 shares of the company were exchanged, compared to its average volume of 54,148. The company has a market cap of $208.89 million, a P/E ratio of 3.51, a PEG ratio of 13.85 and a beta of 0.79. Atento has a 52-week low of $2.10 and a 52-week high of $4.84. The stock’s 50 day moving average price is $2.91 and its 200 day moving average price is $2.63. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.44 and a current ratio of 1.44.

Atento (NYSE:ATTO) last released its quarterly earnings data on Wednesday, November 13th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.15). The company had revenue of $412.30 million for the quarter, compared to analysts’ expectations of $423.60 million. Atento had a positive return on equity of 4.13% and a negative net margin of 2.14%. As a group, equities research analysts forecast that Atento will post 0.02 EPS for the current year.

Atento Company Profile

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

Further Reading: How to find the components of the quick ratio

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