Iberdrola Renovables, Altri SGPS: Iberian Equity Market Preview

The following companies may have unusual price changes in Spanish and Portuguese trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index (IBEX) fell 0.1 percent to 10,559.5 yesterday. Portugal’s PSI-20 Index (PSI20) also slid 0.1 percent to 7,943.92.

Spanish stocks:

Iberdrola Renovables SA (IBR) : The world’s largest owner of wind parks was cut to “hold” from “buy” at Caja Madrid Bolsa. The shares jumped 11 percent to 3.04 euros.

Portuguese stocks:

Altri SGPS SA (ALTR) : Portugal’s second-biggest pulp- and-paper producer said full-year net income was 62 million euros after it reported a loss of 10.9 million euros in 2009, according to a regulatory filing. The shares dropped 0.2 percent to 1.69 euros.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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