Equity research analysts from StockNews.com assumed coverage of Centrais Elétricas Brasileiras S.A. (Eletrobrás) on Thursday in a report distributed to clients and investors.
The investment advice given by the company was to “hold” one’s current position in the stock of the utility provider.
When trading started on Thursday, the price of an individual share of EBR stock was $6.40.
The company’s price-to-earnings ratio, which is 9.28, and its market value, which is $10.04 billion, are extremely high.
Its PEG ratio is 0.30, and it’s beta and PEG ratios are 0.30.
Its PEG ratio is 0.30.
The simple moving average price of the company’s shares over the past 50 days is $7.29, while the average price over the last 200 days is $8.13.
The lowest price for Centrais Elétricas Brasileiras S.A.—Eletrobrás that can be found right now is $5.97, while the highest price that can be found right now is $10.39.
These two prices together make up the range for the past 52 weeks.
The ratio of total assets to current assets is 1.76; the ratio of quick assets to current assets is 1.74; and the ratio of debt to equity is 0.43.
Over the past few months, various institutional investors, including hedge funds and other types of investors, have bought and sold EBR shares.
Envestnet Asset Management INC increased its ownership in Centrais Elétricas Brasileiras S.A.—Eletrobrás by 13.9% over the year’s first three months.
After making an additional purchase of 1,699 shares during the most recent fiscal quarter, Envestnet Asset Management INC now owns a total of 13,966 shares of the utilities provider’s stock, valued at $110,000.
This brings the total number of shares owned by the company to a value of $110,000.
During the first three months of 2018, Advisor Group Holdings INC grew its ownership stake in Centrais Elétricas Brasileiras S.A.—Eletrobrás by a percentage equal to 49.0%.
As a result of the recent acquisition of 1,611 additional shares during the most recent quarter, Advisor Group Holdings INC now has a total of 4,898 shares of the utility provider’s stock, which have a value of $39,000.
This brings the company’s total number of shares to 4,898, which was previously the case.
American Century Companies INC increased the percentage of ownership it held in Centrais Elétricas Brasileiras S.A.—Eletrobrás by 127.8 percent over the first three months of the year.
American Century Companies INC now directly owns 58,698 shares of the stock held by the utility provider, which have a value of $464,000 thanks to the purchase of an additional 32,935 shares during the most recent fiscal quarter.
The Bank of Montreal increased the proportion of Centrais Elétricas Brasileiras S.A.—Eletrobrás, owned by 27.7% over the first three months of the year.
Bank of Montreal Can increase its holdings in the stock of the utility provider during the most recent quarter by purchasing an additional 15,296 shares.
This brought the total number of shares acquired to 70,541, valued at $541,000.00 each.
Panagora Asset Management INC invested $84,000 in Centrais Elétricas Brasileiras S.A.—Eletrobrás during the year’s first three months.
This was the final investment that was going to be talked about. Currently, 2.37% of the company’s stock is owned by institutions.
The company Centrais Elétricas SA is responsible for generating and distributing electricity throughout the Brazilian territory.
It is involved in the industry broadly, including both the generation and transmission sides.
The process of producing electric power is referred to as “generation,” The term encompasses all kinds of power plants, including nuclear, thermal, and hydroelectric facilities.
The transmission of Brazil’s electrical power to different parts of the country is the primary goal of the sector known as the Transmission Sector.