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

ValuEngine lowered shares of CENTRAIS ELETRI/S (NYSE:EBR) from a hold rating to a sell rating in a research note released on Wednesday, ValuEngine reports.

Shares of CENTRAIS ELETRI/S stock traded up $0.21 during midday trading on Wednesday, reaching $9.47. 146,048 shares of the company’s stock traded hands, compared to its average volume of 295,673. The company’s 50 day simple moving average is $10.34 and its 200 day simple moving average is $9.44. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. CENTRAIS ELETRI/S has a 52 week low of $4.69 and a 52 week high of $11.69.

Institutional investors have recently added to or reduced their stakes in the company. FDx Advisors Inc. grew its stake in CENTRAIS ELETRI/S by 5.3% in the 2nd quarter. FDx Advisors Inc. now owns 20,592 shares of the utilities provider’s stock valued at $188,000 after buying an additional 1,041 shares during the last quarter. Acadian Asset Management LLC acquired a new position in CENTRAIS ELETRI/S in the 2nd quarter valued at $36,000. Russell Investments Group Ltd. grew its stake in CENTRAIS ELETRI/S by 4.3% in the 2nd 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 during the last quarter. Wrapmanager Inc. acquired a new position in CENTRAIS ELETRI/S in the 2nd quarter valued at $101,000. Finally, F3Logic LLC acquired a new position in CENTRAIS ELETRI/S in the 2nd quarter valued at $105,000. Institutional investors and hedge funds own 0.72% 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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