ValuEngine upgraded shares of Atento (NYSE:ATTO) from a strong sell rating to a sell rating in a report released on Monday, February 4th.
Several other analysts have also recently commented on ATTO. Barrington Research set a $14.00 price target on shares of Atento and gave the stock a buy rating in a report on Thursday, November 1st. Robert W. Baird decreased their price target on shares of Atento from $10.00 to $8.00 and set an outperform rating for the company in a report on Thursday, November 8th. Zacks Investment Research cut shares of Atento from a hold rating to a sell rating in a report on Thursday, November 1st. TheStreet cut shares of Atento from a c rating to a d+ rating in a research note on Tuesday, November 27th. Finally, Credit Suisse Group upgraded shares of Atento from a neutral rating to an outperform rating in a research note on Sunday, January 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $8.69.
Shares of ATTO traded down $0.02 during mid-day trading on Monday, hitting $3.96. The company’s stock had a trading volume of 257,950 shares, compared to its average volume of 126,685. Atento has a fifty-two week low of $3.55 and a fifty-two week high of $9.75. The stock has a market capitalization of $283.07 million, a P/E ratio of 5.28, a P/E/G ratio of 0.68 and a beta of 0.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.53 and a quick ratio of 1.53.
Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in shares of Atento by 35.4% in the third quarter. Russell Investments Group Ltd. now owns 74,448 shares of the business services provider’s stock valued at $558,000 after purchasing an additional 19,476 shares during the period. GSA Capital Partners LLP raised its position in shares of Atento by 108.6% in the third quarter. GSA Capital Partners LLP now owns 112,499 shares of the business services provider’s stock valued at $844,000 after purchasing an additional 58,574 shares during the period. Advisory Research Inc. bought a new position in Atento during the third quarter worth $341,000. Bank of America Corp DE increased its position in Atento by 52.4% during the second quarter. Bank of America Corp DE now owns 486,135 shares of the business services provider’s stock worth $3,330,000 after acquiring an additional 167,174 shares during the period. Finally, Acadian Asset Management LLC increased its position in Atento by 0.5% during the third quarter. Acadian Asset Management LLC now owns 1,547,540 shares of the business services provider’s stock worth $11,605,000 after acquiring an additional 8,221 shares during the period. 90.35% of the stock is currently owned by institutional investors.
Atento Company Profile
Atento SA, 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. 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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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