Barrington Sticks to Their Buy Rating for Atento (ATTO)

Barrington analyst Vincent Colicchio maintained a Buy rating on Atento (ATTOResearch Report) today and set a price target of $6.00. The company’s shares closed last Monday at $3.00.

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 1.5% and a 59.1% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Sykes Enterprises, and Computer Task.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atento with a $6.00 average price target.

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Based on Atento’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.27 million. In comparison, last year the company had a net profit of $2.68 million.

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Atento SA engages in the provision of customer relationship management business process outsourcing services and solutions. The firm offers front-end and back-end services ranging from sales, applications processing, customer care, and credit management.