Shares of Companhia Paranaense de Energia (NYSE:ELP) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also given Companhia Paranaense de Energia an industry rank of 207 out of 265 based on the ratings given to its competitors.

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Separately, ValuEngine cut Companhia Paranaense de Energia from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd.

Shares of Companhia Paranaense de Energia (NYSE:ELP) traded up $0.28 during midday trading on Friday, hitting $7.91. The company had a trading volume of 472,651 shares, compared to its average volume of 459,688. The company has a market cap of $2,057.89, a PE ratio of 7.99 and a beta of 1.50. Companhia Paranaense de Energia has a 1-year low of $6.70 and a 1-year high of $11.43. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39.

Companhia Paranaense de Energia (NYSE:ELP) last announced its quarterly earnings results on Wednesday, November 29th. The utilities provider reported $0.44 EPS for the quarter. The business had revenue of $1.15 billion during the quarter. Companhia Paranaense de Energia had a return on equity of 5.70% and a net margin of 6.46%.

Several hedge funds and other institutional investors have recently made changes to their positions in ELP. Virtu Financial LLC bought a new stake in shares of Companhia Paranaense de Energia in the 3rd quarter valued at approximately $104,000. Virtu KCG Holdings LLC bought a new stake in shares of Companhia Paranaense de Energia in the 2nd quarter valued at approximately $130,000. Ameriprise Financial Inc. grew its stake in shares of Companhia Paranaense de Energia by 50.2% in the 2nd 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 in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Companhia Paranaense de Energia in the 4th quarter valued at approximately $145,000. Finally, Verition Fund Management LLC bought a new stake in shares of Companhia Paranaense de Energia in the 2nd quarter valued at approximately $159,000. 1.51% of the stock is owned by institutional investors and hedge funds.

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About Companhia Paranaense de Energia

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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