|Day's Range||4.21 - 4.39|
|52 Week Range||3.59 - 7.70|
|PE Ratio (TTM)||5.32|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||2.50|
Brazil's state-controlled power holding company Centrais Elétricas Brasileiras SA is still seeking to sell assets to cut debt despite concern that a political crisis could spook potential buyers, its chief executive said on Tuesday. Eletrobras CEO Wilson Ferreira was in New York meeting with investors last week when news broke about the plea bargain deal of Joesley and Wesley Batista, owners of meatpacker JBS SA , which set off a political fire storm and calls for President Michel Temer to resign. Brazilians who have become inured to a massive, three-year corruption investigation were shocked last week by the disclosure of a recording that appeared to show Temer condoning the payment of hush money to a jailed lawmaker.
Centrais Elétricas Brasileiras S.A. - Eletrobras informs that it filed its Annual Report on Form 20-F as of and for the fiscal year ended December 31, 2016 .
A large group of Brazilian companies will be partly spared an additional power tariff that will be levied later this year, after a federal court issued an injunction in their favor late on Monday, according to court documents. Several industry groups obtained the injunction that partially exempt the companies they represent from the extra tariff the government plans to add to power bills from the second half of this year. The government adopted the extra charge of up to 7 percent to compensate power transmission companies such as Eletrobras , CTEEP, Cemig and Copel for the early renewal of operating licenses in 2013.