TheStreet Upgrades Companhia Paranaense De Energia to “Buy” (ELP)
The analysts wrote, “Energy Company of Parana (ELP) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.”
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Companhia Paranaense De Energia in a research note on Thursday, April 10th. They now have a $12.00 price target on the stock.
Companhia Paranaense De Energia (NYSE:ELP) traded down 1.53% on Tuesday, hitting $15.43. The stock had a trading volume of 225,249 shares. Companhia Paranaense De Energia has a one year low of $9.82 and a one year high of $18.40. The stock’s 50-day moving average is $14.4 and its 200-day moving average is $12.89. The company has a market cap of $4.222 billion and a P/E ratio of 8.89.
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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