CENTRAIS ELETRI/S (NYSE:EBR) Downgraded by ValuEngine to “Sell”

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ValuEngine cut shares of CENTRAIS ELETRI/S (NYSE:EBR) from a hold rating to a sell rating in a report released on Tuesday morning, ValuEngine reports.

EBR opened at $8.37 on Tuesday. The stock has a fifty day moving average of $8.91 and a 200-day moving average of $9.51. CENTRAIS ELETRI/S has a fifty-two week low of $5.56 and a fifty-two week high of $11.69. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.56 and a quick ratio of 1.53.

A number of large investors have recently added to or reduced their stakes in EBR. BlackRock Inc. boosted its holdings in CENTRAIS ELETRI/S by 1.8% in the 2nd quarter. BlackRock Inc. now owns 702,461 shares of the utilities provider’s stock valued at $6,407,000 after purchasing an additional 12,563 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of CENTRAIS ELETRI/S by 69.5% during the second quarter. JPMorgan Chase & Co. now owns 436,677 shares of the utilities provider’s stock worth $3,843,000 after purchasing an additional 178,999 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of CENTRAIS ELETRI/S by 400.9% during the second quarter. Pinebridge Investments L.P. now owns 300,975 shares of the utilities provider’s stock worth $2,745,000 after purchasing an additional 240,883 shares during the period. Russell Investments Group Ltd. raised its position in shares of CENTRAIS ELETRI/S by 4.3% in the second quarter. Russell Investments Group Ltd. now owns 222,269 shares of the utilities provider’s stock valued at $2,027,000 after buying an additional 9,144 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of CENTRAIS ELETRI/S by 4.7% in the third quarter. Stifel Financial Corp now owns 169,893 shares of the utilities provider’s stock valued at $1,623,000 after buying an additional 7,620 shares in the last quarter. 0.73% of the stock is currently owned by institutional investors and hedge funds.

About CENTRAIS ELETRI/S

Centrais El├ętricas 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.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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