Atento SA (ATTO) is Downgraded by Credit Suisse to Neutral

Atento SA (ATTO) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Atento SA. Atento SA was Downgraded by BofA/Merrill to ” Neutral” on Mar 9, 2016.

On the company’s financial health, Atento SA reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.11. The company had revenue of $419.40 million for the quarter, compared to analysts expectations of $434.73 million. The company’s revenue was down -18.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Atento SA opened for trading at $8.32 and hit $8.9 on the upside on Tuesday, eventually ending the session at $8.27, with a gain of 1.35% or 0.11 points. The heightened volatility saw the trading volume jump to 24,259 shares. Company has a market cap of $610 M.

Atento S.A. is a provider of customer relationship management and business process outsourcing (CRM BPO) services and solutions in Latin America and Spain. The Company offers a portfolio of CRM BPO services including customer service sales credit management technical support service desk and back office services. The Company operates three segments: EMEA Americas and Brazil. EMEA which combines the activities carried out regionally in Spain Morocco and the Czech Republic. The Americas which includes the activities carried out by the various Spanish-speaking companies in Mexico Central and South America. It also includes transactions in the United States. Brazil is managed separately in view of its different language. Its services and solutions are delivered across multiple channels including digital (subscriber identity module (SMS) e-mail chats social media and apps among others) and voice and are enabled by process design technology and intelligence functions.

Atento SA

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