Atento (NYSE:ATTO) Trading Up 5.6%

Atento SA (NYSE:ATTO) shares were up 5.6% during mid-day trading on Tuesday . The stock traded as high as $2.29 and last traded at $2.27, approximately 169,022 shares traded hands during mid-day trading. An increase of 3% from the average daily volume of 164,638 shares. The stock had previously closed at $2.15.

Several analysts recently issued reports on ATTO shares. Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. TheStreet downgraded Atento from a “c” rating to a “d” rating in a research note on Friday, July 19th. Morgan Stanley downgraded Atento from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $8.00 to $3.00 in a research note on Wednesday, June 5th. ValuEngine downgraded Atento from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 18th. Finally, Barrington Research restated a “buy” rating and issued a $8.00 price target on shares of Atento in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.88.

The firm’s 50-day simple moving average is $2.37. The company has a market cap of $162.60 million, a PE ratio of 2.95, a P/E/G ratio of 0.79 and a beta of 0.74. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.46 and a quick ratio of 1.46.

Atento (NYSE:ATTO) last released its earnings results on Tuesday, July 30th. The business services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The company had revenue of $441.10 million for the quarter. Atento had a negative net margin of 2.03% and a positive return on equity of 9.19%. As a group, research analysts forecast that Atento SA will post 0.28 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in ATTO. Russell Investments Group Ltd. lifted its position in shares of Atento by 133.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 10,036 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Atento during the 2nd quarter valued at $64,000. LPL Financial LLC bought a new stake in shares of Atento during the 2nd quarter valued at $125,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Atento by 93.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,791 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 19,714 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Atento during the 4th quarter valued at $149,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Atento Company Profile (NYSE:ATTO)

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.

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