Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Rating) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 1.0 %
NYSE:EBR opened at $6.82 on Friday. The stock has a market cap of $10.57 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.66 and a beta of 0.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 1.88. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $5.67 and a 1 year high of $10.39. The stock has a 50-day simple moving average of $6.53 and a 200-day simple moving average of $7.66.
Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás
Several hedge funds have recently made changes to their positions in EBR. Macquarie Group Ltd. purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the second quarter worth about $20,062,000. Mackenzie Financial Corp bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the first quarter worth approximately $5,114,000. Van ECK Associates Corp increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 283.1% in the third quarter. Van ECK Associates Corp now owns 546,370 shares of the utilities provider’s stock valued at $4,387,000 after buying an additional 403,740 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 28.2% in the third quarter. Hsbc Holdings PLC now owns 1,775,553 shares of the utilities provider’s stock valued at $14,221,000 after buying an additional 390,626 shares in the last quarter. Finally, Barings LLC increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% in the fourth quarter. Barings LLC now owns 649,975 shares of the utilities provider’s stock valued at $5,154,000 after buying an additional 338,479 shares in the last quarter. Institutional investors and hedge funds own 2.37% of the company’s stock.
About Centrais Elétricas Brasileiras S.A. – Eletrobrás
Centrais Elétricas Brasileiras SA engages in the production and dissemination of electricity. It operates through the Generation and Transmission segments. The Generation segment refers to the electric power generation including hydroelectric, thermal, and nuclear power plants. The Transmission segment focuses on the transmission of electric power in Brazil.
Featured Stories
- Get a free copy of the StockNews.com research report on Centrais Elétricas Brasileiras S.A. – Eletrobrás (EBR)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
Receive News & Ratings for Centrais Elétricas Brasileiras S.A. - Eletrobrás Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrais Elétricas Brasileiras S.A. - Eletrobrás and related companies with MarketBeat.com's FREE daily email newsletter.
