Stocks: Companhia Paranaense de Energia (COPEL) (ELP) Given Consensus Rating of “Sell” by the Analysts

Stocks: Companhia Paranaense de Energia (COPEL) (ELP) Given Consensus Rating of “Sell” by the Analysts

Shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) have been assigned an average broker rating score of 4.00 (Sell) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.

Analysts have set a 12 month consensus price target of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia (COPEL) an industry rank of 92 out of 265 based on the ratings given to related companies.

Several large investors have recently modified their holdings of the company. Eqis Capital Management Inc. increased its stake in shares of Companhia Paranaense de Energia (COPEL) by 21.9% in the second quarter. Eqis Capital Management Inc. now owns 20,369 shares of the company’s stock valued at $183,000 after buying an additional 3,663 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Companhia Paranaense de Energia (COPEL) by 19.9% in the second quarter. Acadian Asset Management LLC now owns 1,467,047 shares of the company’s stock valued at $13,175,000 after buying an additional 243,172 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Companhia Paranaense de Energia (COPEL) by 98.9% in the second quarter. Nordea Investment Management AB now owns 40,187 shares of the company’s stock valued at $361,000 after buying an additional 19,987 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Companhia Paranaense de Energia (COPEL) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 338,581 shares of the company’s stock valued at $3,041,000 after buying an additional 1,600 shares in the last quarter. Finally, Societe Generale bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the second quarter valued at about $468,000. 1.09% of the stock is owned by institutional investors.

Companhia Paranaense de Energia (NYSE:ELP) opened at 8.48 on Wednesday. The firm’s 50-day moving average is $8.33 and its 200-day moving average is $9.72. Companhia Paranaense de Energia has a 52-week low of $4.22 and a 52-week high of $11.94. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 5.43 and a beta of 1.63.

About Companhia Paranaense de Energia (COPEL)

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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