Companhia Paranaense de Energia (COPEL) (NYSE:ELP) was downgraded by equities research analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, The Fly reports.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered 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 lowered shares of Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.

Companhia Paranaense de Energia (ELP) traded down 1.77% during trading on Tuesday, hitting $8.33. 122,574 shares of the stock traded hands. The firm has a 50-day moving average price of $7.87 and a 200 day moving average price of $9.30. Companhia Paranaense de Energia has a 52-week low of $7.15 and a 52-week high of $11.94. The company has a market cap of $2.28 billion, a P/E ratio of 5.76 and a beta of 1.62.

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A number of large investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Companhia Paranaense de Energia (COPEL) by 0.4% in the first quarter. Sei Investments Co. now owns 80,235 shares of the utilities provider’s stock valued at $827,000 after buying an additional 285 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Companhia Paranaense de Energia (COPEL) by 2.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,589 shares of the utilities provider’s stock valued at $418,000 after buying an additional 910 shares in the last quarter. Citadel Advisors LLC raised its stake in Companhia Paranaense de Energia (COPEL) by 9.7% in the first quarter. Citadel Advisors LLC now owns 38,456 shares of the utilities provider’s stock valued at $396,000 after buying an additional 3,409 shares in the last quarter. Finally, Brandes Investment Partners LP raised its stake in Companhia Paranaense de Energia (COPEL) by 0.3% in the first quarter. Brandes Investment Partners LP now owns 1,376,618 shares of the utilities provider’s stock valued at $14,193,000 after buying an additional 4,310 shares in the last quarter. 3.91% of the stock is owned by institutional investors.

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).

The Fly

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