|Bid||45.86 x 0|
|Ask||45.89 x 0|
|Day's Range||45.46 - 47.69|
|52 Week Range||26.38 - 47.69|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||11.24|
|Earnings Date||Aug 11, 2021|
|Forward Dividend & Yield||1.04 (2.82%)|
|Ex-Dividend Date||Apr 28, 2021|
|1y Target Est||28.48|
(Bloomberg) -- Power utility Eletrobras jumped after Brazil’s senate passed a proposal to privatize the company, as the government’s plan to shrink the size of the state plows ahead.Senators approved by 42-37 votes a bill that allows the government to raise an estimated 60 billion reais ($11.9 billion) through an offering of shares of the company. The original text was changed a few times to accommodate lawmaker demands and will return to the lower house for a second vote.Common shares of Eletro
Brazil's lower house is expected to vote on the presidential decree on the privatization of state power utility Eletrobras this week or next week at the latest, the chamber's speaker Arthur Lira said on Monday. In an event hosted by the bank Bradesco BBI, Lira also said the lower house should vote on privatization of the Post Office at the end of this month or early in the second half of the year after lawmakers return from recess.
* Fitch predicted to downgrade Colombia this year -GS * Chilean stocks surge on SQM gains * Eletrobras falls on bill to privatize firm (Adds comments, updates prices throughout) By Ambar Warrick and Shreyashi Sanyal May 20 (Reuters) - Colombia's peso and stocks tumbled on Thursday after the Andean country lost one of its three investment-grade ratings, while other Latin American currencies were mostly mixed amid growing concerns over tighter U.S. monetary policy. The peso shed 1%, touching a one-week low to the dollar after S&P Global Ratings lowered Colombia's rating to junk bond status. Analysts said the downgrade had come earlier than anticipated, while Wall Street banks JPMorgan, Morgan Stanley and Goldman Sachs predicted that Fitch would follow suit with a rating downgrade this year.