Initiates Coverage on Atento (NYSE:ATTO)

services provider's stock. The investment analysts at set a 'hold' rating on the business services provider's stock.

In a research report issued on Wednesday, investors were informed of the findings. The brokerage assigned a rating of 'hold' to the stock of this business services provider.

Atento Stock Performance

On Wednesday, Atento opened at $1.82. Atento's low for the past twelve months is $1.69, and its high for the last twelve months is $26.33. The company has a market capitalization of $28.12 millions, a PE of -0.21 as well as a beta of 1,77. Recently, a hedge fund increased its stake in Atento. According to the latest disclosure of the company with the SEC, the stock price increased by 12.1% during the second quarter. The institutional investor now owns 31,612 of the stock of the business service provider after buying an additional 3,400 during the last quarter. Renaissance Technologies LLC held about 0.21% in Atento, worth $316,000, at the end the last quarter. The company's stock is owned by 48.01% institutional investors and hedge fund.


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Atento SA provides business process outsourcing and customer relationship management services. The company offers both front-end and rear-end services, including sales, application processing, customer service, and credit management. It is divided into four geographical segments: Europe (including the Middle East), America and Brazil. offers a FREE daily email newsletter