CENTRAIS ELETRI/S (NYSE:EBR) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of CENTRAIS ELETRI/S (NYSE:EBR) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

EBR stock traded up $0.09 during mid-day trading on Thursday, reaching $10.87. The company had a trading volume of 359,009 shares, compared to its average volume of 329,749. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.34 and a quick ratio of 1.31. The business has a 50 day moving average of $9.66. CENTRAIS ELETRI/S has a 12 month low of $3.51 and a 12 month high of $11.16.

CENTRAIS ELETRI/S (NYSE:EBR) last issued its earnings results on Tuesday, May 14th. The utilities provider reported $0.27 EPS for the quarter. The company had revenue of $1.71 billion during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBR. Sawtooth Solutions LLC bought a new position in shares of CENTRAIS ELETRI/S during the first quarter valued at approximately $18,282,000. Dorsey Wright & Associates bought a new position in shares of CENTRAIS ELETRI/S during the first quarter valued at approximately $4,147,000. Millennium Management LLC boosted its stake in shares of CENTRAIS ELETRI/S by 1,653.2% during the fourth quarter. Millennium Management LLC now owns 250,999 shares of the utilities provider’s stock valued at $1,594,000 after purchasing an additional 236,682 shares in the last quarter. Henry James International Management Inc. bought a new position in shares of CENTRAIS ELETRI/S during the second quarter valued at approximately $971,000. Finally, BlackRock Inc. bought a new position in shares of CENTRAIS ELETRI/S during the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 0.81% of the company’s stock.

CENTRAIS ELETRI/S Company Profile

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through thermal, nuclear, wind, and hydroelectric plants. As of December 31, 2017, it owned and operated 44 hydroelectric plants and held interests in various other plants with a total installed capacity of 42,350 Megawatts (MW); 112 thermal plants, including coal, and oil and gas power generation units with an installed capacity of 2,646 MW; and 2 nuclear power plants with an installed capacity of 1,990 MW.

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