Companhia Paranaense de Energia ADR (NYSE:ELP) has been assigned an average broker rating score of 3.50 (Sell) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation and one has issued a hold recommendation on the company.
Brokerages have set a one year consensus price objective of $10.00 for the company, according to Zacks. Zacks has also assigned Companhia Paranaense de Energia an industry rank of 77 out of 255 based on the ratings given to its competitors.
Separately, Santander cut Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th.
ELP stock traded down $0.26 during trading on Wednesday, hitting $10.16. The company had a trading volume of 481,700 shares, compared to its average volume of 458,209. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.40. Companhia Paranaense de Energia has a 1-year low of $4.70 and a 1-year high of $10.49. The stock has a market capitalization of $2.80 billion, a PE ratio of 8.84 and a beta of 0.73.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELP. Advisors Preferred LLC acquired a new position in Companhia Paranaense de Energia during the 4th quarter worth approximately $46,000. Virtu Financial LLC acquired a new position in Companhia Paranaense de Energia during the 4th quarter worth approximately $85,000. Barclays PLC increased its position in Companhia Paranaense de Energia by 208.5% during the 4th quarter. Barclays PLC now owns 11,672 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 7,889 shares during the period. Verity Asset Management Inc. acquired a new position in Companhia Paranaense de Energia during the 4th quarter worth approximately $108,000. Finally, Eqis Capital Management Inc. acquired a new position in Companhia Paranaense de Energia during the 4th quarter worth approximately $181,000. Institutional investors own 0.52% of the company’s stock.
Companhia Paranaense de Energia Company Profile
Companhia Paranaense de Energia COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.
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