Report
Charles Fishman
EUR 147.86 For Business Accounts Only

Enersis Americas SA Posts Solid First-Half Results

We are reaffirming our narrow moat and stable moat trend ratings as well as our fair value estimate of $7.50 per ADR after Enersis Americas SA reported first-half 2016 adjusted earnings of $0.35 per ADR versus $0.30 per ADR in the same period last year. We have excluded a one-time $0.07 charge for customer rebates due to service quality fines for Edesur in Argentina in the 2016 adjusted results that represents a restatement of the amount of the fine and, in our opinion, is likely to be non-recur...
Underlying
Provider
Morningstar
Morningstar

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.

Analysts
Charles Fishman

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