Petrobras (PBR -7%) hits a 52-week low after its Q4 report shows debt rose to 2.77x earnings...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR -7%) hits a 52-week low after its Q4 report shows debt rose to 2.77x earnings before EBITDA, above the company's own limit of 2.5x. "It's hard to see how this result shows a company improving its operations and fiscal discipline," says a Brazilian oil company analyst. Profit would have fallen if not for a large and "unusual" jump in financial earnings, which the analyst says will "raise questions."