The stock of Atento SA (NYSE:ATTO) gapped up by $0.02 today and has $11.57 target or 35.00% above today’s $8.57 share price. The 7 months technical chart setup indicates low risk for the $636.55M company. The gap was reported on Oct, 4 by Barchart.com. If the $11.57 price target is reached, the company will be worth $222.79 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 1.06% or $0.09 on October 3, hitting $8.57. About 12,847 shares traded hands. Atento SA (NYSE:ATTO) has risen 2.39% since March 1, 2016 and is uptrending. It has underperformed by 9.83% the S&P500.
Analysts await Atento SA (NYSE:ATTO) to report earnings on November, 14. They expect $0.19 earnings per share, down 38.71% or $0.12 from last year’s $0.31 per share. ATTO’s profit will be $14.11M for 11.28 P/E if the $0.19 EPS becomes a reality. After $0.13 actual earnings per share reported by Atento SA for the previous quarter, Wall Street now forecasts 46.15% 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. The firm has “Neutral” rating by Bank of America given on Wednesday, March 9. The stock of Atento SA (NYSE:ATTO) has “Outperform” rating given on Wednesday, March 9 by Robert W. Baird. The stock of Atento SA (NYSE:ATTO) earned “Neutral” rating by Credit Suisse on Wednesday, May 11.
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 notable 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 Marketwatch.com with their article: “Atento downgraded to neutral from outperform at Credit Suisse” published on October 01, 2014, Quotes.Wsj.com published: “Atento SA ATTO (US: NYSE)” on September 27, 2014. More interesting news about Atento SA (NYSE:ATTO) were released by: Thestreet.com and their article: “Atento SA (ATTO) Plunges in First Trading Day After IPO” published on October 02, 2014 as well as Seekingalpha.com‘s news article titled: “Atento’s (ATTO) CEO Alejandro Reynal on Q1 2016 Results – Earnings Call Transcript” with publication date: May 12, 2016.
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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