Shares of Companhia Paranaense de Energia (NYSE:ELP) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Companhia Paranaense de Energia’s rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.
Zacks has also assigned Companhia Paranaense de Energia an industry rank of 185 out of 265 based on the ratings given to related companies.
ELP has been the subject of several research reports. ValuEngine downgraded Companhia Paranaense de Energia from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup downgraded Companhia Paranaense de Energia from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 27th.
NYSE ELP remained flat at $$7.86 during trading on Monday. The company’s stock had a trading volume of 278,995 shares, compared to its average volume of 456,882. The firm has a market cap of $2,150.93, a P/E ratio of 7.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.81. Companhia Paranaense de Energia has a 52 week low of $6.70 and a 52 week high of $10.44.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its stake in shares of Companhia Paranaense de Energia by 0.7% in the 4th quarter. Brandes Investment Partners LP now owns 1,266,828 shares of the utilities provider’s stock valued at $9,666,000 after buying an additional 9,305 shares during the period. Virtu Financial LLC purchased a new position in shares of Companhia Paranaense de Energia in the 3rd quarter valued at about $104,000. First Trust Advisors LP boosted its stake in shares of Companhia Paranaense de Energia by 111.3% in the 3rd quarter. First Trust Advisors LP now owns 27,023 shares of the utilities provider’s stock valued at $239,000 after buying an additional 14,237 shares during the period. Ellington Management Group LLC boosted its stake in shares of Companhia Paranaense de Energia by 78.7% in the 4th quarter. Ellington Management Group LLC now owns 37,000 shares of the utilities provider’s stock valued at $282,000 after buying an additional 16,300 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Companhia Paranaense de Energia in the 4th quarter valued at about $145,000. Institutional investors and hedge funds own 1.63% 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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