BidaskClub Upgrades Companhia Paranaense de Energia (COPEL) (ELP) to “Buy”

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Separately, ValuEngine raised shares of Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd.

Shares of Companhia Paranaense de Energia (NYSE:ELP) traded up 1.99% during trading on Wednesday, reaching $8.22. 127,112 shares of the company traded hands. The stock has a market capitalization of $2.25 billion, a PE ratio of 6.02 and a beta of 1.59. Companhia Paranaense de Energia has a 12 month low of $7.15 and a 12 month high of $11.94. The company has a 50-day moving average of $8.16 and a 200-day moving average of $9.39.

TRADEMARK VIOLATION WARNING: “BidaskClub Upgrades Companhia Paranaense de Energia (COPEL) (ELP) to “Buy”” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/07/14/bidaskclub-upgrades-companhia-paranaense-de-energia-copel-elp-to-buy.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Karp Capital Management Corp acquired a new position in shares of Companhia Paranaense de Energia (COPEL) during the first quarter worth about $9,061,000. Credit Agricole S A raised its position in shares of Companhia Paranaense de Energia (COPEL) by 382.2% in the first quarter. Credit Agricole S A now owns 449,400 shares of the utilities provider’s stock worth $4,633,000 after buying an additional 356,200 shares during the period. Morgan Stanley raised its position in shares of Companhia Paranaense de Energia (COPEL) by 380.3% in the first quarter. Morgan Stanley now owns 391,695 shares of the utilities provider’s stock worth $4,038,000 after buying an additional 310,145 shares during the period. Schroder Investment Management Group raised its position in shares of Companhia Paranaense de Energia (COPEL) by 9.0% in the first quarter. Schroder Investment Management Group now owns 2,920,592 shares of the utilities provider’s stock worth $29,703,000 after buying an additional 242,300 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Companhia Paranaense de Energia (COPEL) by 104.5% in the fourth quarter. AQR Capital Management LLC now owns 303,032 shares of the utilities provider’s stock worth $2,570,000 after buying an additional 154,858 shares during the period. Institutional investors and hedge funds own 3.96% of the company’s stock.

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).

Receive News & Ratings for Companhia Paranaense de Energia (COPEL) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Paranaense de Energia (COPEL) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply