Companhia Paranaense de Energia (ELP) Receives Average Recommendation of “Strong Buy” from Brokerages

Companhia Paranaense de Energia (NYSE:ELP) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Zacks has also given Companhia Paranaense de Energia an industry rank of 224 out of 265 based on the ratings given to its competitors.

Separately, ValuEngine raised Companhia Paranaense de Energia from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELP. Virtu Financial LLC acquired a new position in Companhia Paranaense de Energia during the third quarter valued at approximately $104,000. Virtu KCG Holdings LLC purchased a new position in shares of Companhia Paranaense de Energia during the 2nd quarter worth $130,000. Ameriprise Financial Inc. boosted its stake in shares of Companhia Paranaense de Energia by 50.2% during the 2nd 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 last quarter. Verition Fund Management LLC purchased a new position in shares of Companhia Paranaense de Energia during the 2nd quarter valued at $159,000. Finally, Trexquant Investment LP purchased a new position in shares of Companhia Paranaense de Energia during the 3rd quarter valued at $173,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

Shares of Companhia Paranaense de Energia (ELP) traded down $0.15 during midday trading on Thursday, reaching $7.11. The company’s stock had a trading volume of 246,834 shares, compared to its average volume of 489,586. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The company has a market cap of $2,014.10, a P/E ratio of 7.23 and a beta of 1.50. Companhia Paranaense de Energia has a 52 week low of $6.70 and a 52 week high of $11.43.

Companhia Paranaense de Energia (NYSE:ELP) last issued its quarterly earnings results on Wednesday, November 29th. The utilities provider reported $0.44 EPS for the quarter. The company had revenue of $1.15 billion for the quarter. Companhia Paranaense de Energia had a return on equity of 5.70% and a net margin of 6.46%.

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Companhia Paranaense de Energia 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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