Goldman Sachs Group started coverage on shares of Companhia Paranaense de Energia (NYSE:ELP) in a report issued on Thursday morning, The Fly reports. The brokerage issued a buy rating on the utilities provider’s stock.
ELP has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Companhia Paranaense de Energia from a neutral rating to an overweight rating in a research note on Monday, August 26th. ValuEngine downgraded shares of Companhia Paranaense de Energia from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Companhia Paranaense de Energia currently has a consensus rating of Hold.
Shares of ELP stock traded down $0.68 during trading hours on Thursday, hitting $13.64. 480,473 shares of the company’s stock were exchanged, compared to its average volume of 462,165. The company has a market capitalization of $3.82 billion, a PE ratio of 10.10, a PEG ratio of 1.17 and a beta of 0.44. Companhia Paranaense de Energia has a 12-month low of $7.32 and a 12-month high of $14.32. The business’s 50 day simple moving average is $12.97 and its 200-day simple moving average is $12.45. The company has a current ratio of 1.39, a quick ratio of 1.14 and a debt-to-equity ratio of 0.53.
Companhia Paranaense de Energia Company Profile
Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.
Further Reading: Outstanding Shares and The Effect on Share Price
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