ALL, Brasil Telecom, Cosan, Randon, Vale: Brazil Equity Movers

By Paulo Winterstein

Nov. 24 (Bloomberg) -- The following companies are having unusual price changes in Brazil trading. Stock symbols are in parentheses, and share prices are as of 8:30 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa index jumped 5.3 percent to 32,897.06.

ALL America Latina Logistica SA (ALLL11 BS) rose 6.4 percent to 9.15 reais, the most in six days. Latin America’s biggest railroad operator was rated “buy” in resumed coverage at Raymond James & Associates Inc. on the outlook for “strong” earnings growth from its 2006 acquisitions and from the company’s increasing productivity, Eduardo Puzziello wrote in a note.

Cosan SA Industria & Comercio (CSAN3 BS) gained 7.6 percent to 9.90 reais. Sugar climbed the most in almost three weeks, adding 2.4 percent. Sao Martinho SA (SMTO3 BS), Brazil’s second- biggest publicly traded sugar and ethanol producer after Cosan, rose 5.8 percent to 9.12 reais.

Lojas Renner SA (LREN3 BS) rose 6.9 percent to 13.20 reais, paring the previous trading day’s loss of 12 percent. Aberdeen Asset Management Plc increased its stake in Renner, Brazil’s biggest publicly traded clothing retailer, during the past two months. The Aberdeen, Scotland-based money manager said it raised its stake to about 18.2 million voting shares, or 15 percent of the company’s capital stock, from 11 percent in September.

MMX Mineracao & Metalicos (MMXM3 BS) jumped 10 percent to 3.31 reais, the most in two weeks for the mining company owned by Brazilian billionaire Eike Batista. Metal prices surged on the London Metals Exchange on speculation prices will rebound as demand gains and output drops for metals such as copper. Cia. Vale do Rio Doce (VALE5 BS) the world’s biggest iron-ore producer, rose 5.6 percent.

Randon Participacoes SA (RAPT4 BS) gained 7 percent to 6.58 reais, the most in almost three weeks. Brazil’s biggest auto- parts maker will likely beat its own forecast for 19 percent revenue growth in 2008, Fator Corretora analyst Jacqueline Lison wrote in a Nov. 21 note. October net revenue climbed 33 percent from the previous year to 321.1 million reais ($129.7 million), beating estimates by Lison, who reiterated her “buy” rating.

Telemar Norte Leste SA (TMAR5 BS) rose 3.3 percent to 51.15 reais, the first gain in four days. The Brazilian phone company that agreed to buy rival Brasil Telecom Participacoes SA (BRTP4 BS) said Nov. 21 that it filed a request with the country’s telecommunications regulator to approve the takeover. Brasil Telecom Participacoes rose 5.1 percent, while operating unit Brasil Telecom SA (BRTO4 BS) jumped 10 percent to 13.59 reais.

To contact the reporter on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net.