Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.46 and traded as low as $6.84. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $6.97, with a volume of 855,473 shares changing hands.
Several brokerages recently issued reports on EBR. UBS Group began coverage on shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in a research report on Monday, July 19th. They set a “buy” rating and a $8.47 target price for the company. Zacks Investment Research downgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “sell” rating in a report on Wednesday, August 4th.
The company has a debt-to-equity ratio of 0.49, a current ratio of 1.95 and a quick ratio of 1.91. The company’s 50-day simple moving average is $7.63 and its 200 day simple moving average is $7.46. The firm has a market cap of $10.94 billion, a P/E ratio of 9.17 and a beta of 0.88.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile (NYSE:EBR)
Centrais Elétricas Brasileiras SA engages in the production and dissemination of electricity. It operates through the Generation and Transmission segments. The Generation segment refers to the electric power generation including hydroelectric, thermal, and nuclear power plants. The Transmission segment focuses on the transmission of electric power in Brazil.
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