StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Free Report) from a hold rating to a buy rating in a research report released on Monday morning.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 2.1 %
Shares of EBR stock opened at $7.15 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.33 and a current ratio of 2.35. The business has a 50 day moving average of $7.24 and a two-hundred day moving average of $7.34. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $6.21 and a 52 week high of $9.11.
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. The company had revenue of $1.61 billion for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. As a group, equities analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.
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About Centrais Elétricas Brasileiras S.A. – Eletrobrás
Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.
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