Companhia Paranaense de Energia (NYSE:ELP) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Companhia Paranaense de Energia’s rating score has improved by 60% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a one year consensus price objective of $10.00 for the company, according to Zacks. Zacks has also assigned Companhia Paranaense de Energia an industry rank of 194 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine upgraded Companhia Paranaense de Energia from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st.
A number of hedge funds have recently added to or reduced their stakes in ELP. Virtu Financial LLC bought a new position in Companhia Paranaense de Energia during the 3rd quarter worth about $104,000. Virtu KCG Holdings LLC bought a new position in shares of Companhia Paranaense de Energia in the 2nd quarter valued at about $130,000. Stevens Capital Management LP bought a new position in shares of Companhia Paranaense de Energia in the 2nd quarter valued at about $135,000. Ameriprise Financial Inc. grew its holdings in shares of Companhia Paranaense de Energia by 50.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 6,170 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Companhia Paranaense de Energia in the 2nd quarter valued at about $159,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.
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About Companhia Paranaense de Energia
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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