Petroleo Brasileiro SA Petrobras (ADR) (PBR) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jul 7, 2016.
Many Wall Street Analysts have commented on Petroleo Brasileiro SA Petrobras (ADR). Petroleo Brasileiro SA Petrobras (ADR) was Upgraded by JP Morgan to ” Neutral” on May 24, 2016. Petroleo Brasileiro SA Petrobras (ADR) was Downgraded by Raymond James to ” Underperform” on May 19, 2016.
Petroleo Brasileiro SA Petrobras (ADR) closed down -0.59 points or -7.90% at $6.88 with 2,50,78,234 shares getting traded on Tuesday. Post opening the session at $7.06, the shares hit an intraday low of $6.8 and an intraday high of $7.1201 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution and International segments. E&P includes exploration development and production of crude oil natural gas liquid and natural gas in Brazil. RTM covers the refining logistics transport and trading of crude oil and oil products activities export of ethanol extraction and processing of shale and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas Africa Europe and Asia.