Companhia Paranaense de Energia – Copel (NYSE:ELPC) Upgraded to “Hold” at Wall Street Zen

Companhia Paranaense de Energia – Copel (NYSE:ELPC) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group started coverage on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They set a “buy” rating and a $10.40 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 21st. Finally, Scotiabank upgraded Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

NYSE:ELPC opened at $10.32 on Friday. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.96 and a beta of 0.02. The stock has a fifty day moving average of $9.65 and a 200 day moving average of $9.13. Companhia Paranaense de Energia – Copel has a 52-week low of $5.49 and a 52-week high of $10.63.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share for the quarter. The business had revenue of $1.28 billion during the quarter.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

Hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its position in Companhia Paranaense de Energia – Copel by 288.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 653,418 shares of the company’s stock worth $6,214,000 after acquiring an additional 485,063 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Companhia Paranaense de Energia – Copel in the fourth quarter valued at approximately $921,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter valued at approximately $848,000. Blue Trust Inc. grew its holdings in shares of Companhia Paranaense de Energia – Copel by 2,635.1% in the fourth quarter. Blue Trust Inc. now owns 48,055 shares of the company’s stock worth $457,000 after purchasing an additional 46,298 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter worth approximately $426,000.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.