|Day's Range||8.74 - 8.91|
|52 Week Range||5.45 - 12.56|
|PE Ratio (TTM)||-20.07|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Petrobras' government backing reduces default risk and its massive deep-water oil reserves hold promise. Moody's Investors Service analysts Anna Snyder and Samar Maziad said in a note Monday that the scandal that erupted last Wednesday -- a secret recording between President Michel Temer and an executive of Brazilian meatpacking company JBS (JBSAY) alleges years of corruption between the company and presidents -- has clouded the outlook for bond investors. If the political scandal continues unresolved, it also risks damaging economic growth ... Additionally, the political turmoil and its policy implications will weigh on investor confidence, reversing Brazil’s nascent economic recovery.
Brazilian state-controlled oil company Petróleo Brasileiro said it issued $4 billion in debt on international markets at the lowest interest average interest rate since 2013.
Investors looking for stocks powered by strong cash flows should look at Ecolab, Petrobras, and American Water Works Company.