|Bid||8.42 x 0|
|Ask||8.43 x 0|
|Day's Range||8.40 - 8.70|
|52 Week Range||6.85 - 12.19|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||12.64|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||0.70 (7.31%)|
|1y Target Est||10.99|
Brazil's real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped. A rebound in shares of state oil firm Petroleo Brasileiro SA , which fell more than 7 percent on Friday, provided the biggest boost for the Bovespa index. Petrobras, as the company is commonly know, slumped after it canceled a diesel price hike in the wake of Brazilian President Jair Bolsonaro's call for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm.
Moody's has also confirmed the Ba3 global scale and A2.br national scale issuer ratings and backed senior secured ratings of Conc. Quantitatively, the ratings can be downgrade should FFO to Debt decrease to levels below 10%.
The rating actions relate to the federal investigations conducted by Brazil's Federal Prosecution Service (Ministerio Public Federal -- MPF) in conjunction with the Federal Police (Policia Federal) which yesterday resulted in the arrest of two senior employees of the company's toll road subsidiaries and the search and seizure of documents. Please see the Rating Methodologies page on www.moodys.com.br for a copy of this methodology.
BUENOS AIRES/SAO PAULO, Sept 28 (Reuters) - Argentina's peso currency dropped almost 3 percent in morning trade on Friday amid panic that a new monetary policy framework agreed upon between the International Monetary Fund and the Argentine government is too rigid. On Wednesday, after months of talks, the IMF agreed to increase its three-year lending program with Argentina by $7 billion to $57 billion total on the condition that the central bank halt full-scale interventions to support the ailing peso. "Traders understand the new IMF agreement is great news for fiscal policy, but our first impression is that the new monetary policy is extremely rigid and creates great risks for economic activity, especially if annual inflation surpasses 40 percent in September," a report from SBS consultancy said.
The Brazilian state of Sao Paulo is preparing to sue the federal government for its decision to lower highway toll prices in the state in response to a truckers' strike, a legal action that could help major highway concessionaires in Brazil who were hurt by the federal government's move. Sao Paulo Governor Márcio França said in an interview with newspaper Valor Economico published on Monday that the state was preparing a suit in federal court to force the federal government to compensate the state and highway concessionaires.