Companhia Paranaense de Energia – Copel (NYSE:ELPC) Upgraded by Wall Street Zen to “Strong-Buy” Rating

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

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

Companhia Paranaense de Energia – Copel Stock Down 0.1%

Shares of ELPC opened at $11.13 on Friday. Companhia Paranaense de Energia – Copel has a twelve month low of $5.98 and a twelve month high of $11.76. The stock has a market cap of $8.28 billion, a PE ratio of 20.24, a P/E/G ratio of 2.92 and a beta of -0.11. The business’s 50-day moving average price is $10.24 and its 200-day moving average price is $9.56.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings data on Friday, February 27th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $4.52 billion.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

Several hedge funds have recently added to or reduced their stakes in ELPC. Federation des caisses Desjardins du Quebec lifted its stake in shares of Companhia Paranaense de Energia – Copel by 143.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock valued at $27,000 after acquiring an additional 1,650 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the second quarter valued at approximately $28,000. Arax Advisory Partners purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter valued at approximately $45,000. Farther Finance Advisors LLC grew its holdings in shares of Companhia Paranaense de Energia – Copel by 8,715.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock worth $49,000 after purchasing an additional 5,055 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter worth $49,000.

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.