Atento (ATTO) Upgraded to “Buy” by ValuEngine

Atento (NYSE:ATTO) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

ATTO has been the topic of several other research reports. Barrington Research lifted their target price on Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. BidaskClub lowered Atento from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Robert W. Baird reiterated a “buy” rating on shares of Atento in a report on Tuesday, September 19th. Finally, Zacks Investment Research lowered Atento from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.50.

Atento (NYSE ATTO) traded up $0.05 during trading hours on Wednesday, reaching $9.80. The company’s stock had a trading volume of 301,472 shares, compared to its average volume of 62,043. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.09. Atento has a 52 week low of $6.85 and a 52 week high of $12.90. The stock has a market cap of $713.22, a PE ratio of 13.22, a PEG ratio of 0.82 and a beta of -0.07.

Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of Atento during the 3rd quarter valued at about $660,000. Smith Moore & CO. acquired a new stake in shares of Atento during the 3rd quarter valued at about $232,000. Edinburgh Partners Ltd lifted its holdings in shares of Atento by 237.3% during the 3rd quarter. Edinburgh Partners Ltd now owns 98,500 shares of the business services provider’s stock valued at $1,143,000 after buying an additional 69,300 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Atento during the 2nd quarter valued at about $115,000. Finally, Quantum Capital Management lifted its holdings in shares of Atento by 1.1% during the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Atento (ATTO) Upgraded to “Buy” by ValuEngine” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/12/06/atento-atto-upgraded-to-buy-by-valuengine.html.

About Atento

Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.

Receive News & Ratings for Atento S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply