Brazilian Stock Movers: Fibria, Fleury, HRT Participacoes, Vale

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9:47 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa Index gained 0.6 percent to 67,355.62.

Fibria Celulose SA (FIBR3 BS) advanced 1.1 percent to 23.94 reais. The world’s largest pulp producer was raised to “neutral” from “underweight” at JPMorgan Chase & Co.

Fleury SA (FLRY3 BS) slid 3.4 percent to 22.56 reais. The Brazilian medical-services provider was cut to “market perform” from “outperform” at Raymond James & Associates Inc., which cited “weak” fourth-quarter earnings.

HRT Participacoes em Petroleo SA (HRTP3 BS) tumbled 6.3 percent to 1,725 reais. The Brazilian oil and gas company that raised about $1.5 billion in an initial offering last year agreed to buy UNX Energy Corp. for about 1.3 billion reais ($782 million) to expand in Namibia. The deal spurred Banco Santander SA to cut its rating on the stock to “underperform” from “buy.”

Vale SA (VALE5 BS) gained 1.3 percent to 49.88 reais. The world’s largest iron-ore producer said fourth-quarter profit almost quadrupled from a year earlier, beating analysts’ estimates. Net income climbed to $5.92 billion, or $1.12 a share, Rio de Janeiro-based Vale said late yesterday in a statement. Vale was expected to post per-share profit of $1.01 on an adjusted basis, according to the average estimate of 11 analysts surveyed by Bloomberg.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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