Companhia Paranaense de Energia (COPEL) (NYSE:ELP) has received an average broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. Companhia Paranaense de Energia (COPEL)’s rating score has improved by 37.5% in the last three months as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price target of $10.00 for the company, according to Zacks. Zacks has also assigned Companhia Paranaense de Energia (COPEL) an industry rank of 105 out of 265 based on the ratings given to related companies.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded 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. upgraded 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 lowered 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 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.

Shares of Companhia Paranaense de Energia (NYSE ELP) remained flat at $9.44 during trading on Thursday. The company had a trading volume of 175,118 shares. The company has a 50-day moving average of $8.92 and a 200-day moving average of $9.02. The stock has a market cap of $2.58 billion, a PE ratio of 21.41 and a beta of 1.63. Companhia Paranaense de Energia has a one year low of $7.15 and a one year high of $11.94.

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Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 2,291,805 shares of the utilities provider’s stock valued at $23,629,000 after purchasing an additional 68,607 shares in the last quarter. Greenleaf Trust boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 62.4% during the 2nd quarter. Greenleaf Trust now owns 32,829 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 12,620 shares in the last quarter. Morgan Stanley boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 380.3% during the 1st quarter. Morgan Stanley now owns 391,695 shares of the utilities provider’s stock valued at $4,038,000 after purchasing an additional 310,145 shares in the last quarter. Bienville Capital Management LLC boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 115.9% during the 2nd quarter. Bienville Capital Management LLC now owns 506,284 shares of the utilities provider’s stock valued at $3,732,000 after purchasing an additional 271,748 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 165.6% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,275 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 8,900 shares in the last quarter. Institutional investors own 2.13% of the company’s stock.

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).

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