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Shares of CPFL Energia SA (NYSE:CPL) hit a new 52-week high during trading on Wednesday , StockRatingsNetwork reports. The company traded as high as $19.43 and last traded at $19.43, with a volume of 205,033 shares changing hands. The stock had previously closed at $18.61.

Separately, analysts at Zacks downgraded shares of CPFL Energia SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 13th. They now have a $16.80 price target on the stock.

The stock’s 50-day moving average is $18.05 and its 200-day moving average is $16.61. The company has a market cap of $9.234 billion and a price-to-earnings ratio of 21.29.

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

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