Atento (NYSE:ATTO) Upgraded by ValuEngine to “Buy”

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

ATTO has been the topic of a number of other reports. Barrington Research restated a “buy” rating and set a $8.00 price objective on shares of Atento in a research report on Thursday, August 1st. TheStreet cut Atento from a “c” rating to a “d” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley cut Atento from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $8.00 to $3.00 in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $5.88.

NYSE ATTO traded down $0.03 during trading on Wednesday, hitting $2.69. The company’s stock had a trading volume of 16,548 shares, compared to its average volume of 148,271. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.14. The firm has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.86. The firm has a market cap of $198.82 million, a P/E ratio of 3.49, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. Atento has a 52 week low of $2.10 and a 52 week high of $7.92.

Atento (NYSE:ATTO) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.14). The business had revenue of $441.10 million during the quarter. Atento had a positive return on equity of 9.19% and a negative net margin of 2.03%. On average, equities analysts expect that Atento will post 0.28 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Atento by 133.8% during the second quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 10,036 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Atento during the second quarter valued at approximately $64,000. LPL Financial LLC bought a new stake in shares of Atento during the second quarter valued at approximately $125,000. Engine Capital Management LP increased its position in shares of Atento by 120.1% during the second quarter. Engine Capital Management LP now owns 55,244 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 30,141 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Atento by 11.8% during the second quarter. GSA Capital Partners LLP now owns 78,000 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 8,216 shares during the period. Institutional investors and hedge funds own 79.03% of the company’s stock.

About Atento

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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