CENT PUERTO S A/S (CEPU) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of CENT PUERTO S A/S (NYSE:CEPU) from a hold rating to a sell rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Central Puerto SA is engaged in the power production. The Company focuses on the generation and commercialization of electric power. It facilities range includes thermoelectric power plants, hydroelectric power plants as well as cogeneration units. Central Puerto SA is based in BUENOS AIRES, Argentina. “

CENT PUERTO S A/S stock opened at $8.69 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.19. CENT PUERTO S A/S has a 1-year low of $7.80 and a 1-year high of $16.74.

A number of institutional investors have recently bought and sold shares of the stock. Tibra Equities Europe Ltd bought a new position in shares of CENT PUERTO S A/S in the 1st quarter worth $835,000. Millennium Management LLC boosted its stake in shares of CENT PUERTO S A/S by 66.6% in the 4th quarter. Millennium Management LLC now owns 179,076 shares of the company’s stock valued at $1,647,000 after purchasing an additional 71,615 shares in the last quarter. Canyon Capital Advisors LLC purchased a new stake in shares of CENT PUERTO S A/S in the 4th quarter valued at $2,969,000. Legal & General Group Plc boosted its stake in shares of CENT PUERTO S A/S by 211.2% in the 4th quarter. Legal & General Group Plc now owns 55,966 shares of the company’s stock valued at $515,000 after purchasing an additional 37,984 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of CENT PUERTO S A/S by 51.0% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 43,514 shares of the company’s stock valued at $400,000 after purchasing an additional 14,700 shares in the last quarter. 6.53% of the stock is currently owned by institutional investors and hedge funds.

CENT PUERTO S A/S Company Profile

Central Puerto SA generates and sells electric power to private and public customers in Argentina. As of December 31, 2017, the company owned and operated five thermal generation plants and one hydroelectric generation plant with an installed capacity of 3,663 MW. It also operates a wind farm Achiras I with an installed capacity of 48 megawatts, as well as produces steam.

Further Reading: What is a Lock-Up Period?

Get a free copy of the Zacks research report on CENT PUERTO S A/S (CEPU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CENT PUERTO S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CENT PUERTO S A/S and related companies with MarketBeat.com's FREE daily email newsletter.