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

Wall Street Zen upgraded shares of Companhia Paranaense de Energia – Copel (NYSE:ELPC) from a buy rating to a strong-buy rating in a research note released on Sunday.

A number of other equities research analysts have also recently commented on the company. Zacks Research upgraded Companhia Paranaense de Energia – Copel to a “hold” rating in a research note on Friday, January 30th. Scotiabank upgraded Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group assumed coverage on Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 28th. They issued a “buy” rating and a $10.40 price objective for the company. 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. According to data from MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

Companhia Paranaense de Energia – Copel stock opened at $12.25 on Friday. The stock has a 50-day moving average of $11.19 and a two-hundred day moving average of $10.08. Companhia Paranaense de Energia – Copel has a one year low of $6.13 and a one year high of $12.57. The stock has a market cap of $9.12 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.91 and a beta of -0.11.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $4.52 billion.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter worth about $921,000. Blue Trust Inc. raised its stake 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. GAMMA Investing LLC raised its stake in shares of Companhia Paranaense de Energia – Copel by 35,238.9% in the fourth quarter. GAMMA Investing LLC now owns 12,722 shares of the company’s stock worth $121,000 after purchasing an additional 12,686 shares during the last quarter. Optiver Holding B.V. grew its holdings in Companhia Paranaense de Energia – Copel by 4.0% during the third quarter. Optiver Holding B.V. now owns 299,739 shares of the company’s stock worth $2,686,000 after acquiring an additional 11,611 shares during the period. Finally, Ethic Inc. acquired a new stake in Companhia Paranaense de Energia – Copel during the fourth quarter worth about $404,000.

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.