Enel Americas Results in Line; New Argentine Rates Should Benefit Second-Half
We are reaffirming our narrow moat and stable moat trend ratings as well as our fair value estimate of $8.50 per ADR, after Enel Americas reported decent 2017 first-half adjusted earnings of $0.27 per ADR. Due to the merger of CELG and other significant balance sheet changes, the results are not comparable with 2016 first-half earnings of $0.40 per ADR.Generation was up 9.1%, to 2.3 terrawatt-hours in the first half of 2017 versus the same period last year. The increase in generation is due in ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.