|Day's Range||14.18 - 14.67|
|52 Week Range||9.95 - 19.72|
|PE Ratio (TTM)||-20.79|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||17.65|
Announcement: Moody's comments that Petrobras' B1 ratings are unaffected by Brazil's outlook change to negative from stable. Global Credit Research- 26 May 2017. New York, May 26, 2017-- On May 26, 2017, ...
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.