The Ibovespa rose the most in six months as state-run companies including Centrais Eletricas Brasileiras SA(ADR) (NYSE:PBR) rallied as a poll showed President Dilma Rousseff’s approval rating fell before October elections. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $12.37 moved to $13.03 on last trade day and at the end of the day closed at $12.92. Company price to sales ratio in past twelve months was calculated as 0.60 and price to cash ratio as 3.25. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 11.67%.
The Street Ratings team reiterated a HOLD rating on Alcoa Inc. (NYSE:AA), citing stock price performance as a positive and deteriorating net income as a weakness for the company. Alcoa Inc. (NYSE:AA) shares advanced 6.16% in last trading session and ended the day on $12.59. AA return on equity ratio is recorded as -18.50% and its return on assets is -6.00%. Alcoa Inc. (NYSE:AA) yearly performance is 50.24%.
Arch Coal (NYSE:ACI) was downgraded by research analysts at UBS AG from a “buy” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $5.00 target price on the stock, down from their previous target price of $7.00. Arch Coal Inc. (NYSE:ACI) shares moved up 5.09% in last trading session and was closed at $4.75, while trading in range of $4.48 – $4.75. Arch Coal Inc. (NYSE:ACI) year to date (YTD) performance is 6.98%.
On March 17, 2014, Quicksilver Resources Inc. (NYSE:KWK) Quicksilver Resources Canada Inc. a wholly-owned subsidiary of the Company, Makarios Midstream Inc. a wholly-owned subsidiary of the Company, Fortune Creek Gathering and Processing Partnership and 0927530 B.C. Unlimited Liability Company an affiliate of Kohlberg Kravis Roberts & Co. L.P., entered into a First Amending Agreement dated as of March 13, 2014 Quicksilver Resources Inc. (NYSE:KWK) weekly performance is -2.24%. On last trading day company shares ended up $2.62. Quicksilver Resources Inc. (NYSE:KWK) distance from 50-day simple moving average (SMA50) is -14.55%. Analysts mean target price for the company is $3.52.