Atento S.A. Ordinary Shares (NYSE:ATTO):
Chevrolet awarded for its social media customer service solution, developed by Atento, in the southern region of Latin America.
The company is trading unchanged by 0.00% since yesterday’s close of $10.4.
Atento S.A., launched on April 3, 2014, is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil. Its services and solutions are delivered across multiple channels, including digital (short message service (SMS), e-mail, chats, social media and applications, among others) and voice, and are enabled by process design, technology and intelligence functions. The Company also has client relationships across a range of industries working in sectors, such as telecommunications, banking and financial services and multi-sector, which comprise the consumer goods, services, public administration, pay television, healthcare, transportation, technology and media industries..
It is trading at $10.40 which is marginally over $9.73, the stock’s 50 day moving average and just above the 200 day moving average of $8.88. The 50 day moving average went up by +6.85% whereas the 200 day average was up by +17.17%.
The company’s P/E ratio is 55.61 and market cap is 768.65M. As of the last earnings report the EPS was $0.19 and is projected to be $0.78 for the current year with 73,909,000 shares outstanding. Next quarter’s EPS is forecasted at $0.22 and the next full year EPS is projected to be $0.86.
Several ratings firms have provided guidance on Atento S.A. Ordinary Shares of late. Equity analyst Credit Suisse downgraded the stock and lowered the price target on May 11 changing the price objective from $16.00 to $9.50 and altering the rating from “Outperform” to “Neutral”. On May 11 the company was downgraded to “Neutral” from “Outperform” and a price target of $9.50 was set in a report issued by Credit Suisse.
On March 9 the stock rating was downgraded from “Buy” to “Neutral” in a statement from Bank of America. March 9 investment analysts at Baird held the company rating at “Outperform” but moved down the price target to $9.00 from $16.00.
Morgan Stanley began coverage of ATTO setting a rating of “Overweight” and setting a price target of $18.00. On November 11 analysts at Credit Suisse initiated coverage with an initial rating of “Outperform” and price target of $16.00.