Shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) have earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has assigned a strong buy rating to the company. Companhia Paranaense de Energia (COPEL)’s rating score has improved by 37.5% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages 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 117 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Companhia Paranaense de Energia (COPEL) from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Citigroup Inc. raised shares of Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th. HSBC Holdings plc cut shares of Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut shares of Companhia Paranaense de Energia (COPEL) from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th.

COPYRIGHT VIOLATION WARNING: “Zacks: Companhia Paranaense de Energia (COPEL) (ELP) Given Average Rating of “Hold” by Analysts” was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/09/zacks-companhia-paranaense-de-energia-copel-elp-given-average-rating-of-hold-by-analysts.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 3.1% in the first quarter. Vanguard Group Inc. now owns 2,291,805 shares of the utilities provider’s stock worth $23,629,000 after acquiring an additional 68,607 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 62.4% in the second quarter. Greenleaf Trust now owns 32,829 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 12,620 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 380.3% in the first quarter. Morgan Stanley now owns 391,695 shares of the utilities provider’s stock worth $4,038,000 after acquiring an additional 310,145 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 165.6% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,275 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 8,900 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 worth $331,000 after acquiring an additional 688 shares during the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia (ELP) traded down 0.85% during trading on Friday, hitting $9.37. 475,174 shares of the stock were exchanged. The firm has a 50-day moving average of $8.81 and a 200-day moving average of $9.06. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 21.30 and a beta of 1.63. Companhia Paranaense de Energia has a 52 week low of $7.15 and a 52 week high of $11.94.

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.