1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. CVC Brasil Operadora e Agência de Viagens S.A.
  6. News
  7. Summary
    CVCB3   BRCVCBACNOR1

CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.

(CVCB3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-08-12 pm EDT
7.150 BRL   +3.03%
08/10TRANSCRIPT : CVC Brasil Operadora e Agência de Viagens S.A., Q2 2022 Earnings Call, Aug 10, 2022
CI
08/10CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A. : Press Release
CO
08/09CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S A : Minutes of the Board of Directors' Meeting - 2Q22 Results
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Brazil's CVC raises $77 mln in offering, shares plunge

06/24/2022 | 06:26am EDT

SAO PAULO, June 24 (Reuters) - Shares of Brazil's CVC tumbled 8% on Friday after the travel operator said its 403 million reais ($77 million) share offering was priced at a sharp discount to closing prices.

The company said its offering was priced at 7.70 reais per share, a 13.3% discount to Thursday's closing price of 8.88 reais per share.

In Friday morning trading, CVC shares plunged 8% to 8.18 reais, making it the top loser on Brazil's Bovespa stock index , which was up overall 0.4%.

The firm, formally known as CVC Brasil Operadora e Agencia de Viagens SA, announced the plan for an additional share offering earlier this month, citing a gradual recovery in the tourism industry, fueled by rising demand for both leisure and business trips.

The initial offering of 46.5 million common shares in CVC was increased by 12.5% as demand allowed, the company said in a securities filing.

CVC will use the amount raised to reinforce its working capital and pay debenture holders, it said.

Citi and Bank of America managed the transaction.

($1 = 5.2388 reais) (Reporting by Gabriel Araujo; Editing by Jason Neely, Jane Merriman and Deepa Babington)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION 1.09% 36.3 Delayed Quote.-18.41%
BRAZIL IBOVESPA 2.78% 112764.26 Delayed Quote.7.58%
CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A. 3.03% 7.15 Delayed Quote.-46.72%
All news about CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.
08/10TRANSCRIPT : CVC Brasil Operadora e Agência de Viagens S.A., Q2 2022 Earnings Call, Aug 10..
CI
08/10CVC BRASIL OPERADORA E AGÊNCIA DE VI : Press Release
CO
08/09CVC BRASIL OPERADORA E AGÊNCIA DE VI : Minutes of the Board of Directors' Meeting - 2Q22 R..
PU
08/09CVC BRASIL OPERADORA E AGÊNCIA DE VI : Half-year results
CO
08/09CVC Brasil Operadora e Agência de Viagens S.A. Reports Earnings Results for the Second ..
CI
06/29GLOBAL MARKETS LIVE : Novartis, Tesla, Disney, Sony, Walmart...
MS
06/24CVC BRASIL OPERADORA E AGÊNCIA DE VI : Minutes of the Board of Directors´ Meeting - Pricin..
PU
06/24Brazil's CVC raises $77 mln in offering, shares plunge
RE
06/14CVC BRASIL OPERADORA E AGÊNCIA DE VI : Minutes of the Board of Directors´ Meeting - Approv..
PU
06/10CVC BRASIL OPERADORA E AGÊNCIA DE VI : Minutes of the Board of Directors´ Meeting -Termina..
PU
More news
Financials
Sales 2022 1 464 M 288 M 288 M
Net income 2022 -146 M -28,7 M -28,7 M
Net cash 2022 243 M 47,7 M 47,7 M
P/E ratio 2022 -12,9x
Yield 2022 -
Capitalization 1 982 M 389 M 389 M
EV / Sales 2022 1,19x
EV / Sales 2023 1,06x
Nbr of Employees 2 127
Free-Float 96,1%
Chart CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.
Duration : Period :
CVC Brasil Operadora e Agência de Viagens S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 7,15 BRL
Average target price 15,42 BRL
Spread / Average Target 116%
EPS Revisions
Managers and Directors
Leonel Dias de Andrade Neto Chief Executive Officer
Marcelo Kopel Chief Financial & Investor Relations Officer
Valdecyr Maciel Gomes Chairman
Eliane Silveira Lapa Director-Governance & Compliance
Eduardo de Britto Pereira Azevedo Vice Chairman