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Shares of Companhia Paranaense de Energia (NYSE:ELP) reached a new 52-week high on Wednesday , Analyst Ratings News reports. The company traded as high as $17.55 and last traded at $17.55, with a volume of 177,522 shares. The stock had previously closed at $16.87.

Separately, analysts at Zacks downgraded shares of Companhia Paranaense de Energia from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $18.00 price target on the stock.

The stock’s 50-day moving average is $16.32 and its 200-day moving average is $14.23. The company has a market cap of $4.805 billion and a P/E ratio of 8.86.

Companhia Paranaense de Energia (NYSE:ELP) is a Brazil-based holding company involved principally in the electrical energy sector.

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