(WNS - Get Report)
was a major loser last week, slumping 9.1% after research analysts at Credit Suisse downgraded the stock to "neutral" from "outperform". Moreover, JP Morgan maintained its "underweight" rating on the stock on estimated below-industry average revenue growth during 2011. Meanwhile, the company has lowered its revenue guidance for 2011 to $367 million from the earlier $363 million to $378 million.
(WIT - Get Report)
continued its downtrend, losing 6.1%. Last week, the company's third-quarter revenue missed the consensus estimate of 47 analysts polled by
. However, the company's profit increased 10%, in line with the forecast.
dropped 5.3%. Analysts at
Zacks Investment Research
downgraded the stock to "neutral" from "outperform" last week.
dipped 5.1%, notwithstanding a 19% growth in December global vehicle wholesales.
Mahanagar Telephone Nigam
Brazil: Winners and Losers
(ERJ - Get Report)
continued its winning streak for the second consecutive week to top the advancers' list, gaining 8.1%. Last week, RBC Capital raised its price target on the stock to $35 from the earlier $30, assigning a "sector perform" rating.
(BAK - Get Report)
followed, on an unusually huge trading volume increase, up 3.1%.
(TSU - Get Report)
gained 2.4%. Last week, Brazil's telecom regulator Anatel revealed that Brazil's mobile phone subscriptions were up 16.7% in 2010, compared to 2009, with Tim garnering a 25.1% market share to occupy the third spot (in terms of market share). The first spot is occupied by
, the second by
America Movil SAB de CV
, which both trade on the NYSE.
Another cellular telecom service provider,
(VIV - Get Report)
, increased 1.5% during the past week. For the year-ended 2010, the telecom provider was ranked first, with a market share of 29.7%. Joining the rallying telecom stocks on news of growing mobile phone subscriptions in Brazil during 2010,
Tele Norte Leste Participacoes
edged up 1.1% last week.
Topping the losers' list last week was
Net Servicos de Comunicacao
, down 12.8%.
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)
(SBS - Get Report)
plummeted 9.7%. However, SABESP said last week it is using recycled material to build an $18.3 million water supply system in Osasco city, which has reduced construction costs by almost half.
Companhia Energetica Minas Gerais (CEMIG)
(CIG - Get Report)
Companhia de Bebidas das Americas (AmBev)
continued to lose for the second consecutive week, dropping 7.4%. Last week, Goldman Sachs downgraded the stock to "neutral" from "buy," stating that the company may miss its fourth-quarter earnings estimates due to bad weather pressurizing volumes.