Today’s Price Action: Atento SA’s Trend Up, Especially After Today’s Strong Session

Today's Price Action: Atento SA's Trend Up, Especially After Today's Strong Session

The stock of Atento SA (NYSE:ATTO) is a huge mover today! The stock increased 5.59% or $0.45 on November 23, hitting $8.5. About 51,753 shares traded hands or 70.45% up from the average. Atento SA (NYSE:ATTO) has risen 10.53% since April 22, 2016 and is uptrending. It has outperformed by 5.12% the S&P500.
The move comes after 7 months positive chart setup for the $616.74M company. It was reported on Nov, 24 by Barchart.com. We have $9.18 PT which if reached, will make NYSE:ATTO worth $49.34 million more.

Analysts await Atento SA (NYSE:ATTO) to report earnings on March, 14. They expect $0.21 earnings per share, down 32.26% or $0.10 from last year’s $0.31 per share. ATTO’s profit will be $15.24 million for 10.12 P/E if the $0.21 EPS becomes a reality. After $0.20 actual earnings per share reported by Atento SA for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Atento SA (NYSE:ATTO) Ratings Coverage

Out of 3 analysts covering Atento (NYSE:ATTO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Atento has been the topic of 3 analyst reports since March 9, 2016 according to StockzIntelligence Inc. On Wednesday, May 11 the stock rating was downgraded by Credit Suisse to “Neutral”. Bank of America downgraded the stock to “Neutral” rating in Wednesday, March 9 report. The stock has “Outperform” rating given by Robert W. Baird on Wednesday, March 9.

According to Zacks Investment Research, “Atento S.A. is a provider of customer relationship management and business process outsourcing (CRM BPO) services in Latin America and Spain. Its CRM BPO services include customer service, sales, credit management, technical support, back office, and service desk, as well as other BPO process services, such as training activities, workstation infrastructure, interactive voice response port implementation, telecommunications infrastructure, application development, and others. The Company’s clients are mostly multinational corporations in sectors such as telecommunications, banking and finance, health, consumption and public administration, among others. Atento S.A. is based in Luxembourg.”

More recent Atento SA (NYSE:ATTO) news were published by: Streetinsider.com which released: “Atento S.A. (ATTO) Takes Majority Stake in R Brasil” on September 06, 2016. Also Quotes.Wsj.com published the news titled: “Atento SA ATTO (US: NYSE)” on September 27, 2014. Marketwatch.com‘s news article titled: “Atento downgraded to neutral from outperform at Credit Suisse” with publication date: October 01, 2014 was also an interesting one.

ATTO Company Profile

Atento S.A., incorporated on April 3, 2014, is a well-known provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Firm offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Firm operates through three divisions: EMEA, Americas and Brazil. The Company’s 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 Firm 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.

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