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Renovables, Ezentis, OHL, Altri: Iberian Equity Market Preview

March 10 (Bloomberg) -- 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 fell 0.1 percent to 10,559.5 yesterday. Portugal’s PSI-20 Index also slid 0.1 percent to 7,943.92.

Spanish stocks:

Fomento de Construcciones y Contratas SA (FCC SM): The Spanish builder and Italy’s Astaldi SpA head a group of companies that won a 255 million-euro ($353.5 million) contract to build the first stage of a new metro line in Bucharest, Negocio reported, citing unidentified people from the industry. FCC shares fell 1.6 percent to 22.31 euros.

Grupo Ezentis SA (EZE SM): The Spanish engineering company said earnings before interest, taxes, depreciation and amortization will reach 11.7 million euros this year and 31.2 million euros in 2013. The shares soared 8.8 percent to 54.4 euro cents.

Iberdrola Renovables SA (IBR SM): 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.

Obrascon Huarte Lain SA (OHL SM): The company said it will issue bonds, the terms of which are still to be fixed, and will also buy back bonds issued in 2007 which are due in 2012. The shares dropped 2.4 percent to 24.64 euros.

Portuguese stocks:

Altri SGPS SA (ALTR PL): Portugal’s second-biggest pulp-and-paper producer said full-year net income was 62 million euros compared with a loss of 10.9 million euros in 2009. 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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