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Atento (ATTO) Receives a Buy from Robert W. Baird


Robert W. Baird analyst David Koning maintained a Buy rating on Atento (ATTO) today and set a price target of $8. The company’s shares opened today at $6.21, close to its 52-week low of $5.45.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 16.1% and a 81.4% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Sykes Enterprises Inc.

Atento has an analyst consensus of Moderate Buy, with a price target consensus of $11, which is a 77.1% upside from current levels. In a report issued on November 1, Barrington also maintained a Buy rating on the stock with a $14 price target.

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Based on Atento’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.27 million. In comparison, last year the company had a GAAP net loss of $12.01 million.

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Atento SA engages in the provision of customer relationship management business process outsourcing services and solutions. The company also provides front-end and back-end services ranging from sales, applications processing, customer care, and credit management. Atento was founded in 1999 and is headquartered in Luxembourg.