Companhia Paranaense de Energia ADR (ELP) Given Average Rating of “Sell” by Brokerages

Companhia Paranaense de Energia ADR (NYSE:ELP) has been assigned an average broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.

Brokerages have set a 12 month consensus price target of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia an industry rank of 105 out of 257 based on the ratings given to its competitors.

Separately, ValuEngine raised shares of Companhia Paranaense de Energia from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st.

A number of institutional investors have recently modified their holdings of ELP. Letko Brosseau & Associates Inc. grew its stake in shares of Companhia Paranaense de Energia by 7.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 5,302,124 shares of the utilities provider’s stock worth $29,586,000 after buying an additional 370,100 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Companhia Paranaense de Energia in the 2nd quarter worth approximately $180,000. Premier Fund Managers Ltd grew its stake in shares of Companhia Paranaense de Energia by 112.8% in the 2nd quarter. Premier Fund Managers Ltd now owns 383,000 shares of the utilities provider’s stock worth $2,118,000 after buying an additional 203,000 shares during the last quarter. FMR LLC grew its stake in shares of Companhia Paranaense de Energia by 3.6% in the 2nd quarter. FMR LLC now owns 7,454,971 shares of the utilities provider’s stock worth $41,599,000 after buying an additional 258,844 shares during the last quarter. Finally, United Services Automobile Association grew its stake in shares of Companhia Paranaense de Energia by 2,141.4% in the 2nd quarter. United Services Automobile Association now owns 507,691 shares of the utilities provider’s stock worth $84,800,000 after buying an additional 485,040 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors.

NYSE:ELP traded up $0.07 during midday trading on Friday, hitting $7.56. 36,609 shares of the company were exchanged, compared to its average volume of 416,230. Companhia Paranaense de Energia has a fifty-two week low of $4.70 and a fifty-two week high of $8.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a market capitalization of $2.05 billion, a P/E ratio of 6.46 and a beta of 0.50.

Companhia Paranaense de Energia (NYSE:ELP) last announced its quarterly earnings results on Friday, November 9th. The utilities provider reported $0.33 EPS for the quarter. Companhia Paranaense de Energia had a net margin of 7.42% and a return on equity of 6.97%. The firm had revenue of $1.09 billion for the quarter.

About Companhia Paranaense de Energia

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.

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