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

Several other brokerages have also issued reports on ATTO. Zacks Investment Research lowered shares of Atento from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. BidaskClub lowered shares of Atento from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Robert W. Baird restated a “buy” rating and set a $15.00 price target on shares of Atento in a research note on Sunday, October 22nd. Finally, Barrington Research raised their price target on shares of Atento from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.50.

Shares of Atento (ATTO) traded up $0.05 during mid-day trading on Wednesday, hitting $9.80. 301,472 shares of the stock traded hands, compared to its average volume of 62,043. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. Atento has a 12 month low of $6.85 and a 12 month high of $12.90. The stock has a market cap of $713.22, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.82 and a beta of -0.07.

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new stake in shares of Atento during the 2nd quarter worth approximately $115,000. Sei Investments Co. boosted its holdings in Atento by 402.0% in the 2nd quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock worth $164,000 after buying an additional 11,800 shares during the period. Quantum Capital Management boosted its holdings in Atento by 1.1% in the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock worth $189,000 after buying an additional 178 shares during the period. Smith Moore & CO. bought a new position in Atento in the 3rd quarter worth approximately $232,000. Finally, Spark Investment Management LLC bought a new position in Atento in the 2nd quarter worth approximately $611,000. Institutional investors own 94.67% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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