Shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) have been assigned a consensus broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.

Brokers have set a 1 year consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia (COPEL) an industry rank of 114 out of 265 based on the ratings given to its competitors.

Several research analysts recently issued reports on the stock. ValuEngine downgraded shares of Companhia Paranaense de Energia (COPEL) from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. BidaskClub upgraded shares of Companhia Paranaense de Energia (COPEL) from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/07/19/analysts-set-10-00-target-price-for-companhia-paranaense-de-energia-copel-elp.html.

A number of hedge funds and other institutional investors have recently modified their holdings of ELP. Wetherby Asset Management Inc. bought a new position in shares of Companhia Paranaense de Energia (COPEL) during the first quarter valued at about $138,000. Virtu Financial LLC bought a new position in shares of Companhia Paranaense de Energia (COPEL) during the first quarter valued at about $194,000. Greenleaf Trust increased its position in shares of Companhia Paranaense de Energia (COPEL) by 36.6% in the first quarter. Greenleaf Trust now owns 20,209 shares of the utilities provider’s stock valued at $208,000 after buying an additional 5,414 shares during the period. HPM Partners LLC bought a new position in shares of Companhia Paranaense de Energia (COPEL) during the first quarter valued at about $221,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,128 shares of the utilities provider’s stock valued at $331,000 after buying an additional 688 shares during the period. Institutional investors and hedge funds own 3.96% of the company’s stock.

Companhia Paranaense de Energia (ELP) opened at 8.30 on Wednesday. Companhia Paranaense de Energia has a 1-year low of $7.15 and a 1-year high of $11.94. The firm’s 50-day moving average is $7.84 and its 200 day moving average is $9.37. The firm has a market cap of $2.27 billion, a PE ratio of 6.08 and a beta of 1.59.

Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).

Get a free copy of the Zacks research report on Companhia Paranaense de Energia (COPEL) (ELP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Companhia Paranaense de Energia (COPEL) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Paranaense de Energia (COPEL) and related companies with MarketBeat.com's FREE daily email newsletter.