Shares of Companhia Paranaense de Energia (NYSE:ELP) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Companhia Paranaense de Energia’s rating score has improved by 60% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia an industry rank of 194 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine upgraded Companhia Paranaense de Energia from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Companhia Paranaense de Energia in the 3rd quarter worth approximately $104,000. Virtu KCG Holdings LLC acquired a new position in shares of Companhia Paranaense de Energia in the 2nd quarter worth approximately $130,000. Stevens Capital Management LP acquired a new position in shares of Companhia Paranaense de Energia in the 2nd quarter worth approximately $135,000. Ameriprise Financial Inc. boosted its position in Companhia Paranaense de Energia by 50.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 6,170 shares during the period. Finally, Trexquant Investment LP acquired a new position in Companhia Paranaense de Energia during the 3rd quarter valued at approximately $173,000. Institutional investors own 1.96% of the company’s stock.
Companhia Paranaense de Energia (ELP) opened at $7.45 on Monday. The company has a market capitalization of $2,038.73, a P/E ratio of 7.53 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.81 and a quick ratio of 0.79. Companhia Paranaense de Energia has a 12-month low of $6.70 and a 12-month high of $11.43.
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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).
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