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CPFL Energia SA (NYSE:CPL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday. They currently have a $16.80 price target on the stock. Zacks‘s target price indicates a potential downside of 5.14% from the stock’s previous close.

Shares of CPFL Energia SA (NYSE:CPL) traded down 1.02% during mid-day trading on Wednesday, hitting $17.53. The stock had a trading volume of 245,567 shares. CPFL Energia SA has a 52-week low of $12.80 and a 52-week high of $18.98. The stock has a 50-day moving average of $18.07 and a 200-day moving average of $16.50. The company has a market cap of $8.434 billion and a price-to-earnings ratio of 28.66.

CPFL Energia SA is a holding company that, through its subsidiaries, distributes, generates and commercializes electricity in Brazil.

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