TheStreet Downgrades Eletrobras (EBR) to D+

TheStreet cut shares of Eletrobras (NYSE:EBR) from a c- rating to a d+ rating in a research report report published on Thursday.

NYSE:EBR opened at $5.33 on Thursday. Eletrobras has a 1 year low of $3.49 and a 1 year high of $7.86. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.09 and a quick ratio of 1.07.

A hedge fund recently bought a new stake in Eletrobras stock. Pinebridge Investments L.P. bought a new stake in Eletrobras (NYSE:EBR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,061 shares of the utilities provider’s stock, valued at approximately $348,000. Institutional investors own 0.61% of the company’s stock.

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About Eletrobras

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, and hydroelectric plants. As of December 31, 2016, it owned and operated 47 hydroelectric plants and held interests in various other plants with a total installed capacity of 40,870 Megawatts (MW); 114 thermal plants, including coal, and oil and gas power generation units with an installed capacity of 2,991.74 MW; and 2 nuclear power plants with an installed capacity of 1,990 MW.

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