Petrobras Energia Participaciones SA Upgraded to Buy at TheStreet (PZE)
The analysts wrote, “Petrobras Argentina (PZE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Shares of Petrobras Energia Participaciones SA (NYSE:PZE) traded up 1.36% on Thursday, hitting $5.95. 170,085 shares of the company’s stock traded hands. Petrobras Energia Participaciones SA has a one year low of $3.37 and a one year high of $7.48. The stock’s 50-day moving average is $5.56 and its 200-day moving average is $5.4. The company has a market cap of $1.200 billion and a P/E ratio of 7.62.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Petrobras Energia Participaciones SA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Separately, analysts at BMO Capital Markets initiated coverage on shares of Petrobras Energia Participaciones SA in a research note on Thursday, April 3rd. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Petrobras Energia Participaciones SA to a “neutral” rating in a research note on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.
Petrobras Energia SA is an Argentina-based integrated company primarily engaged in the energy sector.
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