StockNews.com Initiates Coverage on Atento (NYSE:ATTO)

Analysts at StockNews.com started coverage on shares of Atento (NYSE:ATTO – Get Rating) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

Atento Trading Down 13.1 %

→ Netflix for 50 Cents?! (From Crowdability)

Shares of NYSE:ATTO opened at $5.50 on Friday. The stock has a market capitalization of $84.98 million, a PE ratio of -0.62 and a beta of 1.59. Atento has a 1 year low of $2.40 and a 1 year high of $32.00. The firm has a fifty day moving average price of $4.81 and a 200 day moving average price of $5.45.

Atento (NYSE:ATTO – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.20. The business had revenue of $346.80 million during the quarter, compared to the consensus estimate of $352.60 million. On average, sell-side analysts forecast that Atento will post -2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ATTO. Littlejohn & Co. LLC raised its position in Atento by 7.8% in the second quarter. Littlejohn & Co. LLC now owns 303,348 shares of the business services provider’s stock worth $3,030,000 after purchasing an additional 22,064 shares in the last quarter. Renaissance Technologies LLC raised its position in Atento by 12.1% in the second quarter. Renaissance Technologies LLC now owns 31,612 shares of the business services provider’s stock worth $316,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Atento by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 22,105 shares of the business services provider’s stock worth $611,000 after purchasing an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 48.01% of the company’s stock.

About Atento

(Get Rating)

Atento SA, together with its subsidiaries, provides customer relationship management 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, technical support, collections, and back office.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Atento, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Atento wasn’t on the list.

While Atento currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.

Get This Free Report

20 Stocks to Sell Now Cover

Leave a Reply