CENT PUERTO S A/S (NYSE:CEPU) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of CENT PUERTO S A/S (NYSE:CEPU) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Central Puerto SA is engaged in the power production. The Company focuses on the generation and commercialization of electric power. It facilities range includes thermoelectric power plants, hydroelectric power plants as well as cogeneration units. Central Puerto SA is based in BUENOS AIRES, Argentina. “

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered CENT PUERTO S A/S from an overweight rating to a neutral rating in a report on Thursday. Morgan Stanley lowered CENT PUERTO S A/S from an overweight rating to an equal weight rating in a report on Tuesday, August 13th. Bank of America lowered CENT PUERTO S A/S from a neutral rating to an underperform rating and decreased their price target for the company from $20.00 to $7.50 in a report on Tuesday, August 13th. Finally, ValuEngine upgraded CENT PUERTO S A/S from a sell rating to a hold rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $8.75.

NYSE:CEPU opened at $3.85 on Thursday. The stock’s fifty day moving average is $8.59 and its 200 day moving average is $8.95. CENT PUERTO S A/S has a fifty-two week low of $3.31 and a fifty-two week high of $12.75. The firm has a market capitalization of $593.50 million, a PE ratio of 0.95 and a beta of 0.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.15 and a current ratio of 1.20.

Large investors have recently added to or reduced their stakes in the stock. Deltec Asset Management LLC raised its holdings in CENT PUERTO S A/S by 248.2% during the 2nd quarter. Deltec Asset Management LLC now owns 38,300 shares of the company’s stock valued at $355,000 after buying an additional 27,300 shares during the period. Bienville Capital Management LLC purchased a new stake in CENT PUERTO S A/S during the 1st quarter valued at $3,046,000. Millennium Management LLC raised its holdings in CENT PUERTO S A/S by 66.6% during the 4th quarter. Millennium Management LLC now owns 179,076 shares of the company’s stock valued at $1,647,000 after buying an additional 71,615 shares during the period. Marshall Wace LLP purchased a new stake in CENT PUERTO S A/S during the 1st quarter valued at $926,000. Finally, Legal & General Group Plc raised its holdings in CENT PUERTO S A/S by 211.2% during the 4th quarter. Legal & General Group Plc now owns 55,966 shares of the company’s stock valued at $515,000 after buying an additional 37,984 shares during the period. Institutional investors own 6.86% of the company’s stock.

CENT PUERTO S A/S Company Profile

Central Puerto SA generates and sells electric power to private and public customers in Argentina. As of December 31, 2017, the company owned and operated five thermal generation plants and one hydroelectric generation plant with an installed capacity of 3,663 MW. It also operates a wind farm Achiras I with an installed capacity of 48 megawatts, as well as produces steam.

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