Atento (NYSE:ATTO) had its price objective reduced by analysts at Robert W. Baird from $10.00 to $8.00 in a research report issued on Thursday. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 35.36% from the company’s current price.

Several other research firms have also recently issued reports on ATTO. Zacks Investment Research raised shares of Atento from a “strong sell” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine raised shares of Atento from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 11th. Finally, Barrington Research set a $14.00 price objective on shares of Atento and gave the company a “buy” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Atento has a consensus rating of “Hold” and an average price target of $10.83.

Atento stock opened at $5.91 on Thursday. The stock has a market capitalization of $465.63 million, a price-to-earnings ratio of 7.88, a P/E/G ratio of 0.98 and a beta of 0.44. 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 $10.45.

A number of institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in shares of Atento by 0.5% in the 3rd quarter. Acadian Asset Management LLC now owns 1,547,540 shares of the business services provider’s stock valued at $11,605,000 after purchasing an additional 8,221 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Atento by 20.8% in the 2nd quarter. Royce & Associates LP now owns 1,105,701 shares of the business services provider’s stock valued at $7,574,000 after purchasing an additional 190,200 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Atento by 52.4% in the 2nd quarter. Bank of America Corp DE now owns 486,135 shares of the business services provider’s stock valued at $3,330,000 after purchasing an additional 167,174 shares in the last quarter. Aviva PLC bought a new stake in shares of Atento in the 2nd quarter valued at about $2,048,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Atento by 49.1% in the 1st quarter. Wells Fargo & Company MN now owns 162,308 shares of the business services provider’s stock valued at $1,266,000 after purchasing an additional 53,428 shares in the last quarter. 92.38% of the stock is owned by institutional investors.

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.

Featured Article: Stock Symbol

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