sao paulolocaweb servicos de internet sas shares rose 104 after analysts highlighted the digital services companys strong second quarter and positive outlook the companys shares rose to 639 reais the equivalent of 118 and were down 56 from the end of 2021 through tuesdays close brazils benchmark ibovespa stocks index was down 04 in early afternoon trading locaweb is expected to report solid earnings for the second quarter btg pactual analysts carlos sequeira and osni carfi said wednesday in a research note the company posted strong organic growth in the commerce business and should also show a recovery of margins they said locawebs shares are trading at a huge discount compared to many of the companys peers even though locaweb is growing at a similar pace according to btg the current price is a nice entry point for investors the analysts said