In addition to buy recommendations, market analysts also see some stocks of concern. These are papers that either rose a lot or face macroeconomic challenges.
Survey carried out by TradeMapbased on data from the Refinitiv, showed which stocks have the highest sell recommendation. See the table below:
Sérgio Castro, CNPI analyst at TradeMap, recalls that São Paulo Transmission 🇧🇷TRPL4) and Taesa 🇧🇷TAEE11) are companies operating in the electricity transmission segment, which may indicate a sectoral problem.
The other three companies have no sector relationship. “The pessimism of the market can be understood by the peculiarities of each of the companies”, he says.
Why does Taesa lead?
THE Taesa is one of the favorite names when the subject is dividends🇧🇷 Castro says analysts may be concerned for three main reasons: the reduction in the company’s annual allowable revenues (RAP), the higher leverage threshold and the possible reduction in payouts.
He says even though the company has announced generous dividend payments of R$365 million, which will be distributed in December, “there is an expectation that these amounts will be less robust for the coming years”.
“For the investor, therefore, the return may be less attractive, since the risk-return ratio of an investment in fixed income may be more advantageous”, he says.
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