NEW YORK ( TheStreet) -- Centrais Eletricas Brasileiras (EBR - Get Report), Companhia Energetica de Minas Gerais (CIG), Enersis (ENI), EDENOR (EDN - Get Report), Empresa Nacional de Electricidad (Endesa Chile) (EOC - Get Report) have a 25%-47% upside, based on analysts' consensus estimates of 12-month price targets.
These five utility stocks from South America have an average market capitalization of $10 billion. The selected stocks have stable cash flows and are less volatile, compared to stocks in other sectors. Earnings for these stocks are expected to average around 10%-12% in 2011.
The stocks delivered an average return of 12% in the last one year and have the potential to deliver attractive returns over the next one year. Analysts expect these stocks to have an upside of up to 47%. Besides, these stocks are less volatile compared to peers in other sectors.