What Will Happen to Atento S.A. (ATTO) Next? The Stock Just Reaches 1 Year Low

July 13, 2018 - By Darrel Chase

Atento S.A. (NYSE:ATTO) Logo

The stock of Atento S.A. (NYSE:ATTO) hit a new 52-week low and has $5.96 target or 9.00 % below today’s $6.55 share price. The 9 months bearish chart indicates high risk for the $484.11 million company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $5.96 price target is reached, the company will be worth $43.57M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.24% or $0.15 during the last trading session, reaching $6.55. About 72,754 shares traded. Atento S.A. (NYSE:ATTO) has declined 25.84% since July 13, 2017 and is downtrending. It has underperformed by 38.41% the S&P500.

Analysts await Atento S.A. (NYSE:ATTO) to report earnings on August, 13. They expect $0.19 earnings per share, up 46.15 % or $0.06 from last year’s $0.13 per share. ATTO’s profit will be $14.04 million for 8.62 P/E if the $0.19 EPS becomes a reality. After $0.10 actual earnings per share reported by Atento S.A. for the previous quarter, Wall Street now forecasts 90.00 % EPS growth.

Atento S.A. (NYSE:ATTO) Ratings Coverage

Among 2 analysts covering Atento (NYSE:ATTO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Atento has $14.0 highest and $10.5 lowest target. $11.25’s average target is 71.76% above currents $6.55 stock price. Atento had 3 analyst reports since March 18, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Sunday, March 18 by Robert W. Baird. The stock of Atento S.A. (NYSE:ATTO) earned “Outperform” rating by Robert W. Baird on Wednesday, March 21.

More news for Atento S.A. (NYSE:ATTO) were recently published by: Prnewswire.com, which released: “Atento receives seven recognitions at the 24th edition of the ABEMD Awards in Brazil” on July 06, 2018. Investingnews.com‘s article titled: “Atento Appoints Dimitrius de Oliveira as Regional Managing Director for Brazil” and published on June 29, 2018 is yet another important article.

Atento S.A., 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. The company has market cap of $484.11 million. 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. It currently has negative earnings. The firm serves clients primarily in the telecommunications and financial services sectors; and in multi-sectors, including consumer goods, retail, public administration, healthcare, travel, and transportation and logistics, as well as technology and media.

Atento S.A. (NYSE:ATTO) Ratings Chart

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