Companhia Paranaense de Energia (COPEL) (ELP) Stock Rating Upgraded by ValuEngine

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Other research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Companhia Paranaense de Energia (COPEL) from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Citigroup upgraded shares of Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th. Finally, lowered shares of Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th.

Shares of Companhia Paranaense de Energia (ELP) traded up $0.25 during trading on Friday, reaching $7.22. 649,668 shares of the company’s stock were exchanged, compared to its average volume of 591,934. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.79. Companhia Paranaense de Energia has a twelve month low of $6.94 and a twelve month high of $11.43. The firm has a market cap of $1,975.79, a price-to-earnings ratio of 7.29 and a beta of 1.52.

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Companhia Paranaense de Energia (COPEL) in the third quarter worth $104,000. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 period. Virtu KCG Holdings LLC acquired a new stake in shares of Companhia Paranaense de Energia (COPEL) in the second quarter worth $130,000. Stevens Capital Management LP acquired a new stake in shares of Companhia Paranaense de Energia (COPEL) in the second quarter worth $135,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Companhia Paranaense de Energia (COPEL) by 50.2% in the second quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 6,170 shares during the period. Hedge funds and other institutional investors own 1.97% of the company’s stock.

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About Companhia Paranaense de Energia (COPEL)

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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