Zacks.com releases the latest Analyst Interview. Today’s interview is with senior analyst Claudio Freitas, who discusses CVRD (NYSE: RIO), Cemig (NYSE: CIG), Copel (NYSE: ELP) and Brasil Telecom (NYSE: BRP).
A synopsis of today’s Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
Do you have any top Buy recommendations for us today?
There are some interesting Latin stocks like CVRD (NYSE: RIO), Cemig (NYSE: CIG) or Copel (NYSE: ELP) that are still trading with attractive valuations. However, if you really want a top Buy recommendation today, I will say that Brasil Telecom (NYSE: BRP) is the best alternative out there. The company has been posting great results, and has one of the lowest EV/EBITDA multiples among all telecom companies in the world.
What is your fiscal year outlook at this time?
I have no doubt that 2007 will be a great year for Latin American stocks. The performance of the market during the first three quarters of the year was remarkable, and I have few doubts that the fourth quarter will be positive too. The cut in the U.S. basic rates was great news for the Latin market. Nevertheless, for 2008, the threat of a possible U.S. recession remains.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
The performance of the Zacks Rank portfolios shown above for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from Jan 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRs and are comprised of stocks that have the indicated Zacks Rank and were covered by at least two analysts at the time of the stocks inclusion in the portfolio. Starting in October 2006 and going forward, the portfolios are comprised of all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. 2007 returns are for the period of Jan 1 – Jun 30, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial.
Contacts:
Terry Ruffolo
Media Relations
312-265-9213
Visit:
www.zacks.com
