Cesp, CGE, Copeval, Gol Linhas and Telemar: Latin America Equity Preview

The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index rose 0.3 percent to 4,136.08. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

Cia Energetica de Sao Paulo (CESP6 BS): The company’s stock rating was cut to “neutral” from “overweight” by HSBC Holdings Plc analyst Reginaldo Pereira.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS): The Brazilian airline introduced a code-sharing agreement with American Airlines for domestic flights in Brazil and international flights, according to a press release distributed by PRNewswire. Gol rose 0.8 percent to 24.45 reais.

Telemar Norte Leste SA (TMAR5 BS): Brazil’s biggest fixed line phone company said it started a private offering to swap its 9.5 percent unsecured senior notes due 2019 for 5.5 percent unsecured senior notes due 2020. Telemar rose 0.02 percent to 47.50 reais.

Chile

Compania Agropecuaria Copeval SA (COPEVAL CC): The agricultural supplies company posted a second-quarter profit of 426 million pesos, up from 180 million pesos a year ago. Copeval was unchanged at 780 pesos.

Compania General de Electricidad SA (CGE CC): The power generator and distributor announced it will pay a dividend of 37 pesos per share, according to a filing posted on the website of the Santiago stock exchange. CGE rose 2.7 percent to 3,440 pesos.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

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