Shares of Companhia Paranaense de Energia (NYSE:ELP) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Companhia Paranaense de Energia an industry rank of 218 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine upgraded shares of Companhia Paranaense de Energia from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st.
Companhia Paranaense de Energia (ELP) traded down $0.11 on Friday, reaching $7.71. 117,320 shares of the company were exchanged, compared to its average volume of 457,790. The firm has a market capitalization of $2,156.40, a price-to-earnings ratio of 7.96 and a beta of 1.42. Companhia Paranaense de Energia has a 52-week low of $6.70 and a 52-week high of $11.43. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.39.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Companhia Paranaense de Energia during the third quarter worth about $104,000. Ameriprise Financial Inc. boosted its position in Companhia Paranaense de Energia by 50.2% during the second quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 6,170 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Companhia Paranaense de Energia during the fourth quarter worth about $145,000. Trexquant Investment LP acquired a new position in Companhia Paranaense de Energia during the third quarter worth about $173,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Companhia Paranaense de Energia during the third quarter worth about $211,000. Hedge funds and other institutional investors own 1.63% of the company’s stock.
Companhia Paranaense de Energia Company Profile
Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Companhia Paranaense de Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Paranaense de Energia and related companies with MarketBeat.com's FREE daily email newsletter.