Resumen
The main aim of this study is to analyze the relation of the endogenous variables, such as net margin (NM), gross debt (GD), Return of Assets (ROA) and current ratio (CR) with the stock return of Latin American companies from utilities sector. The research was based on annual data from 2010 to 2017 as well as on the application of multiple regressions. Results point to (i) a negative and significant relation to a 10% level with the gross debt difference (GDD) and (ii) to a significant and positive relation to 5% with the percentage variation of Current Liquidity (V% CL) with the stock return. Hypotheses 2 and 3 are confirmed into this research, what corroborates with the results of previous researches.