Wall Street Zen Upgrades Centrais El�tricas Brasileiras (NYSE:EBR) to Buy

Centrais El�tricas Brasileiras (NYSE:EBR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Centrais El�tricas Brasileiras in a research note on Wednesday, October 8th. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a “strong-buy” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Centrais El�tricas Brasileiras presently has a consensus rating of “Moderate Buy”.

Centrais El�tricas Brasileiras Stock Performance

Shares of NYSE EBR opened at $11.10 on Friday. The stock has a market capitalization of $24.97 billion, a PE ratio of 21.34 and a beta of 0.62. Centrais El�tricas Brasileiras has a 52 week low of $5.45 and a 52 week high of $11.27. The stock has a 50 day moving average price of $9.58 and a 200 day moving average price of $8.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.86.

Institutional Investors Weigh In On Centrais El�tricas Brasileiras

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Centrais El�tricas Brasileiras by 184.3% in the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 2,979 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Centrais El�tricas Brasileiras in the 1st quarter worth approximately $135,000. Cetera Investment Advisers bought a new position in shares of Centrais El�tricas Brasileiras during the first quarter valued at approximately $248,000. Kapitalo Investimentos Ltda boosted its stake in shares of Centrais El�tricas Brasileiras by 3,872.3% during the 1st quarter. Kapitalo Investimentos Ltda now owns 588,811 shares of the utilities provider’s stock valued at $4,181,000 after purchasing an additional 573,988 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in Centrais El�tricas Brasileiras by 6.1% in the first quarter. XTX Topco Ltd now owns 86,585 shares of the utilities provider’s stock worth $615,000 after buying an additional 4,995 shares in the last quarter. 2.64% of the stock is owned by institutional investors.

Centrais El�tricas Brasileiras 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.