Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Downgraded to “Buy” at StockNews.com

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Zacks Investment Research raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Wednesday, April 20th.

Shares of NYSE EBR opened at $8.18 on Friday. The company has a 50-day moving average of $7.88 and a 200 day moving average of $6.78. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $5.16 and a 12-month high of $9.61. The company has a quick ratio of 1.73, a current ratio of 1.78 and a debt-to-equity ratio of 0.49.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Rating) last posted its quarterly earnings results on Friday, March 18th. The utilities provider reported $0.08 earnings per share for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 14.69% and a return on equity of 7.26%. The business had revenue of $2.06 billion during the quarter. As a group, research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.46 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of EBR. Fieldpoint Private Securities LLC lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 520.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 4,065 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 3,410 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 49.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,898 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,611 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 231.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,038 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 4,218 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth approximately $61,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 1.47% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile (Get Rating)

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. As of December 31, 2020, it owned and operated 31 hydroelectric plants with a total installed capacity of 50,648 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,595 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.

See Also

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.