|Day's Range||8.72 - 9.03|
|52 Week Range||5.45 - 12.56|
|PE Ratio (TTM)||-20.34|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Moody's Investors Service lowered its outlook on Brazil credit to negative from stable late Friday. The credit rating agency maintained its Brazil issuer rating of Ba2, two notches below investment grade, reflecting "strengths and weaknesses of Brazil's credit profile." The iShares MSCI Brazil Capped exchange-traded fund (EWZ) was off by 0.3% just after the close. The was higher by 1.5% for the week including a rise Friday, while Brasil's state-controlled oil producer Petroleo Brasileiro or Petrobras (PBR) was flat on the week with a nosedive in oil prices.
Petrobras recently announced plans to offload its 100% stake in the Jurua natural gas field in the Amazon region as a part of its divestment strategy to raise $21 billion by the end of 2018.
Brazil's state-controlled oil company Petróleo Brasileiro SA on Friday said it would remove engineering firm Carioca Engenharia from a list of banned contractors after both agreed on anticorruption measures. ...