CPFL Energia (NYSE:CPL) Downgraded by ValuEngine

ValuEngine cut shares of CPFL Energia (NYSE:CPL) from a buy rating to a hold rating in a research note published on Thursday, ValuEngine reports.

A number of other research analysts have also commented on the stock. Bradesco Corretora began coverage on shares of CPFL Energia in a research note on Monday, July 22nd. They issued an outperform rating on the stock. TheStreet upgraded shares of CPFL Energia from a c rating to a b- rating in a research note on Tuesday, June 11th.

NYSE CPL traded down $0.14 during trading on Thursday, reaching $17.00. The company’s stock had a trading volume of 25,307 shares, compared to its average volume of 34,974. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 14.28 and a beta of 0.54. CPFL Energia has a twelve month low of $10.36 and a twelve month high of $18.17. The business’s fifty day moving average is $16.13.

CPFL Energia (NYSE:CPL) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.31 EPS for the quarter. The company had revenue of $1.89 billion for the quarter. CPFL Energia had a net margin of 8.04% and a return on equity of 18.32%.

Several institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CPFL Energia during the first quarter worth approximately $395,000. Jane Street Group LLC bought a new stake in CPFL Energia during the 4th quarter worth about $283,000. Finally, Bank of America Corp DE raised its holdings in CPFL Energia by 52.6% during the 4th quarter. Bank of America Corp DE now owns 119,045 shares of the utilities provider’s stock worth $1,762,000 after purchasing an additional 41,018 shares during the last quarter. Institutional investors and hedge funds own 0.35% of the company’s stock.

CPFL Energia Company Profile

CPFL Energia SA, through its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The company generates electricity through wind, biomass, solar, and hydroelectric power plants. It also manufactures, commercializes, rents, and maintains electro-mechanical equipment; and offers administrative, call center, collection, IT, telecommunication, energy transmission, and energy efficiency management services, as well as maintenance services for energy generation companies.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for CPFL Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPFL Energia and related companies with MarketBeat.com's FREE daily email newsletter.