Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Rating Increased to Strong-Buy at Hsbc Global Res

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) was upgraded by analysts at Hsbc Global Res to a "strong-buy" rating in a research note issued on Tuesday, Zacks.com reports.

Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a research note on Monday, September 23rd.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

Shares of NYSE:EBR traded down $0.07 during trading on Tuesday, hitting $6.69. 806,607 shares of the company's stock were exchanged, compared to its average volume of 938,514. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52-week low of $6.21 and a 52-week high of $9.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.35 and a quick ratio of 2.33. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 2.11 and a beta of 1.09. The business's 50-day simple moving average is $7.32 and its 200 day simple moving average is $7.17.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. The business had revenue of $1.61 billion during the quarter. As a group, equities analysts predict that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current year.

Institutional Trading of Centrais Elétricas Brasileiras S.A. - Eletrobrás

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 232.4% during the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 4,019 shares during the last quarter. Signaturefd LLC raised its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 173.8% in the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider's stock valued at $49,000 after buying an additional 4,867 shares during the period. SG Americas Securities LLC lifted its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 18.7% during the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider's stock worth $93,000 after purchasing an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 2,642 shares during the last quarter. Finally, First Affirmative Financial Network increased its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 34.3% in the 2nd quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider's stock worth $127,000 after purchasing an additional 5,065 shares during the last quarter. 6.54% of the stock is owned by institutional investors and hedge funds.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile

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.