Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sets New 12-Month High – Still a Buy?

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $10.17 and last traded at $10.15, with a volume of 391 shares trading hands. The stock had previously closed at $10.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Companhia Paranaense de Energia – Copel presently has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Price Performance

The firm’s fifty day moving average price is $8.94 and its 200-day moving average price is $8.36. The firm has a market capitalization of $10.91 billion, a P/E ratio of 14.37 and a beta of -0.01.

Institutional Trading of Companhia Paranaense de Energia – Copel

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP purchased a new position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.