Companhia Paranaense De Energia Hits New 1-Year Low at $9.82 (ELP)
Companhia Paranaense De Energia (NYSE:ELP) shares reached a new 52-week low during mid-day trading on Tuesday , American Banking News reports. The company traded as low as $9.82 and last traded at $10.01, with a volume of 1,196,605 shares trading hands. The stock had previously closed at $10.94.
Separately, analysts at Zacks upgraded shares of Companhia Paranaense De Energia from an “underperform” rating to a “neutral” rating in a research note on Thursday, November 28th. They now have a $14.00 price target on the stock.
The stock has a 50-day moving average of $12.00 and a 200-day moving average of $13.08. The company has a market cap of $2.728 billion and a P/E ratio of 7.69.
Companhia Paranaense de Energia – COPEL is a Brazil-based company involved in the energy sector. It runs a generating complex composed of 18 power plants, 17 of which hydroelectric plants.
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