Barrington Research Analysts Give Atento (ATTO) a $14.00 Price Target

Barrington Research set a $14.00 target price on Atento (NYSE:ATTO) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the business services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Atento from a strong sell rating to a hold rating in a research note on Monday, October 1st. Robert W. Baird decreased their price objective on shares of Atento from $12.00 to $10.00 and set an outperform rating for the company in a research note on Monday, July 30th. Finally, ValuEngine upgraded shares of Atento from a strong sell rating to a sell rating in a research note on Friday, September 21st. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Atento presently has an average rating of Hold and a consensus price target of $11.50.

NYSE ATTO opened at $6.44 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.51 and a quick ratio of 1.51. Atento has a 1 year low of $5.45 and a 1 year high of $12.65. The firm has a market capitalization of $475.97 million, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.01 and a beta of 0.44.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its stake in shares of 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 buying an additional 8,221 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Atento by 35.4% during the third quarter. Russell Investments Group Ltd. now owns 74,448 shares of the business services provider’s stock worth $558,000 after buying an additional 19,476 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Atento during the second quarter worth about $144,000. California Public Employees Retirement System boosted its stake in shares of Atento by 160.3% during the first quarter. California Public Employees Retirement System now owns 38,521 shares of the business services provider’s stock worth $300,000 after buying an additional 23,721 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Atento by 49.1% during the first quarter. Wells Fargo & Company MN now owns 162,308 shares of the business services provider’s stock worth $1,266,000 after buying an additional 53,428 shares during the period. Institutional investors own 92.38% of the company’s stock.

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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