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

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Companhia Paranaense de Energia ADR (NYSE:ELP) has received an average broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and one has issued a hold recommendation on the company.

Brokerages have set a 12 month consensus target price of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia an industry rank of 48 out of 255 based on the ratings given to related companies.

Separately, ValuEngine upgraded shares of Companhia Paranaense de Energia from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th.

A number of hedge funds have recently bought and sold shares of ELP. United Services Automobile Association increased its position in Companhia Paranaense de Energia by 2,141.4% during the second quarter. United Services Automobile Association now owns 507,691 shares of the utilities provider’s stock valued at $84,800,000 after acquiring an additional 485,040 shares during the last quarter. Bank of America Corp DE increased its position in Companhia Paranaense de Energia by 1,955.7% during the second quarter. Bank of America Corp DE now owns 390,605 shares of the utilities provider’s stock valued at $2,180,000 after acquiring an additional 371,604 shares during the last quarter. Letko Brosseau & Associates Inc. increased its position in Companhia Paranaense de Energia by 7.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 5,302,124 shares of the utilities provider’s stock valued at $29,586,000 after acquiring an additional 370,100 shares during the last quarter. FMR LLC increased its position in Companhia Paranaense de Energia by 3.6% during the second quarter. FMR LLC now owns 7,454,971 shares of the utilities provider’s stock valued at $41,599,000 after acquiring an additional 258,844 shares during the last quarter. Finally, Premier Fund Managers Ltd increased its position in Companhia Paranaense de Energia by 112.8% during the second quarter. Premier Fund Managers Ltd now owns 383,000 shares of the utilities provider’s stock valued at $2,118,000 after acquiring an additional 203,000 shares during the last quarter. Institutional investors and hedge funds own 1.13% of the company’s stock.

Companhia Paranaense de Energia stock traded down $0.16 during mid-day trading on Wednesday, reaching $6.61. 16,374 shares of the company’s stock traded hands, compared to its average volume of 567,895. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 5.39 and a beta of 1.14. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. Companhia Paranaense de Energia has a 12-month low of $4.70 and a 12-month high of $8.46.

Companhia Paranaense de Energia (NYSE:ELP) last released its quarterly earnings results on Wednesday, August 15th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1 billion for the quarter. Companhia Paranaense de Energia had a net margin of 8.03% and a return on equity of 7.32%.

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 ParanĂ¡, 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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