Goldman Sachs analyst maintained a Buy rating on Centrais Eletricas Brasileiras SA – Eletrobras today and set a price target of $11.60. The company’s shares closed yesterday at $9.63.
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Currently, the analyst consensus on Centrais Eletricas Brasileiras SA – Eletrobras is a Moderate Buy with an average price target of $10.05.
Based on Centrais Eletricas Brasileiras SA – Eletrobras’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.2 billion and a GAAP net loss of $1.32 billion. In comparison, last year the company earned a revenue of $8.4 billion and had a net profit of $1.74 billion
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