Atento (ATTO) Rating Increased to Sell at ValuEngine
Atento (NYSE:ATTO) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.
ATTO has been the topic of a number of other research reports. Barrington Research reiterated a “buy” rating and set a $14.00 price objective on shares of Atento in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, Robert W. Baird lowered their price objective on shares of Atento from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Atento presently has a consensus rating of “Hold” and a consensus price target of $11.50.
ATTO opened at $8.20 on Friday. The company has a market cap of $561.71 million, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.72 and a beta of 0.15. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.26. Atento has a twelve month low of $5.45 and a twelve month high of $12.90.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of 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 valued at $3,330,000 after acquiring an additional 167,174 shares during the period. Citadel Advisors LLC increased its stake in shares of Atento by 270.0% during the second quarter. Citadel Advisors LLC now owns 100,291 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 73,183 shares during the period. Royce & Associates LP increased its stake in shares of Atento by 20.8% during the second quarter. Royce & Associates LP now owns 1,105,701 shares of the business services provider’s stock valued at $7,574,000 after acquiring an additional 190,200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Atento during the second quarter valued at approximately $144,000. Finally, Aviva PLC acquired a new position in shares of Atento during the second quarter valued at approximately $2,048,000. Institutional investors and hedge funds own 92.42% of the company’s stock.
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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