Companhia Paranaense de Energia – COPEL (NYSE:ELP) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) from a buy rating to a strong-buy rating in a research report released on Friday morning, BidAskClub reports.

Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Companhia Paranaense de Energia – COPEL from a strong sell rating to a sell rating in a report on Tuesday, October 6th. Zacks Investment Research raised shares of Companhia Paranaense de Energia – COPEL from a sell rating to a strong-buy rating and set a $16.00 target price on the stock in a research note on Wednesday, December 2nd.

Shares of ELP stock opened at $14.30 on Friday. The firm’s 50 day moving average price is $13.55 and its 200-day moving average price is $12.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.40. Companhia Paranaense de Energia – COPEL has a one year low of $8.28 and a one year high of $18.15. The firm has a market cap of $3.91 billion, a P/E ratio of 5.77 and a beta of 0.75.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings data on Thursday, November 12th. The utilities provider reported $0.45 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 18.43% and a return on equity of 16.92%. The firm had revenue of $805.68 million for the quarter. As a group, research analysts predict that Companhia Paranaense de Energia – COPEL will post 2 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. UBS Group AG increased its position in shares of Companhia Paranaense de Energia – COPEL by 4,362.0% in the 2nd quarter. UBS Group AG now owns 4,462 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 4,362 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Companhia Paranaense de Energia – COPEL by 144.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 7,161 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 4,237 shares during the last quarter. Signaturefd LLC increased its position in shares of Companhia Paranaense de Energia – COPEL by 205.9% in the 3rd quarter. Signaturefd LLC now owns 8,844 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 5,953 shares during the last quarter. JustInvest LLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter valued at approximately $118,000. Finally, Symmetry Partners LLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter valued at approximately $129,000. 0.38% of the stock is currently owned by institutional investors.

About Companhia Paranaense de Energia – COPEL

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, 2019, the company operated 19 hydroelectric plants, 25 wind plants, and one thermoelectric plant with a total installed capacity of 5,742.0 megawatts; and owned and operated 3,389 kilometers of transmission lines and 199,952.6 kilometers of distribution lines.

Featured Article: Call Option Volume

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