|Bid||0.00 x 1300|
|Ask||8.90 x 1400|
|Day's range||8.68 - 8.98|
|52-week range||7.75 - 11.57|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.37 (4.08%)|
|Ex-dividend date||08 May 2019|
|1y target est||2.50|
Brazil's mines and energy minister said on Monday it is "impossible" to say how much the privatization of state-run power company Eletrobras SA will raise, despite an earlier government estimate of 16.2 billion reais ($3.84 billion). Bento Albuquerque declined to provide an estimate of how much Eletrobras is worth, adding the market must wait for the privatization, expected to occur in the second half of 2020. Last week, a source with knowledge of the deal told Reuters the government miscalculated in its 2020 budget how much it expects to raise from Eletrobras' privatization.
Brazil's state-controlled Centrais Eletricas Brasileiras SA , known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatising the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatisation would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatisations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatised.