Companhia Paranaense de Energia – Copel (NYSE:ELPC) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel (NYSE:ELPC) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Other equities analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group assumed coverage on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They set a “buy” rating and a $10.40 price objective on the stock. Scotiabank raised shares of Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Companhia Paranaense de Energia – Copel Stock Down 0.6%

ELPC opened at $11.45 on Friday. The stock’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $9.90. The firm has a market capitalization of $8.52 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 3.61 and a beta of -0.11. Companhia Paranaense de Energia – Copel has a 12-month low of $6.13 and a 12-month high of $12.00.

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

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

Hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec raised its position in Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after purchasing an additional 1,650 shares in the last quarter. Millennium Management LLC boosted its holdings in Companhia Paranaense de Energia – Copel by 13.0% during the fourth quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock valued at $181,000 after purchasing an additional 2,190 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Companhia Paranaense de Energia – Copel by 222.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock valued at $57,000 after purchasing an additional 4,134 shares in the last quarter. Arax Advisory Partners bought a new stake in shares of Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $45,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Companhia Paranaense de Energia – Copel by 8,715.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock valued at $49,000 after purchasing an additional 5,055 shares during the period.

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.