Companhia Paranaense de Energia (COPEL) (NYSE:ELP) was upgraded by equities researchers at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat reports.
ELP has been the topic of a number of other reports. ValuEngine cut shares of Companhia Paranaense de Energia (COPEL) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. HSBC Holdings plc cut shares of Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Companhia Paranaense de Energia (COPEL) from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.
Shares of Companhia Paranaense de Energia (NYSE ELP) opened at 8.73 on Monday. Companhia Paranaense de Energia has a one year low of $7.15 and a one year high of $11.94. The company has a market capitalization of $2.39 billion, a PE ratio of 6.05 and a beta of 1.62. The stock has a 50 day moving average of $8.12 and a 200-day moving average of $9.20.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELP. Harel Insurance Investments & Financial Services Ltd. boosted its position in Companhia Paranaense de Energia (COPEL) by 165.6% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,275 shares of the utilities provider’s stock worth $101,000 after buying an additional 8,900 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Companhia Paranaense de Energia (COPEL) during the second quarter valued at about $130,000. Stevens Capital Management LP acquired a new stake in Companhia Paranaense de Energia (COPEL) during the second quarter valued at about $135,000. Wetherby Asset Management Inc. acquired a new stake in Companhia Paranaense de Energia (COPEL) during the first quarter valued at about $138,000. Finally, Ameriprise Financial Inc. raised its stake in Companhia Paranaense de Energia (COPEL) by 50.2% in the second quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock valued at $141,000 after buying an additional 6,170 shares during the period. Hedge funds and other institutional investors own 3.60% of the company’s stock.
Companhia Paranaense de Energia (COPEL) Company Profile
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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