Companhia Paranaense de Energia – COPEL (NYSE:ELP) Downgraded by Zacks Investment Research to Sell


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Companhia Paranaense de Energia – COPEL (NYSE:ELP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “Companhia Paranaense de Energia is involved in the Utilities Industry. They are a fully integrated electric power company that is involved in the generation, distributionand transmission of electricity. “

Separately, UBS Group raised shares of Companhia Paranaense de Energia – COPEL from a “neutral” rating to a “buy” rating in a report on Monday, February 22nd.

Companhia Paranaense de Energia – COPEL stock opened at $5.29 on Monday. Companhia Paranaense de Energia – COPEL has a one year low of $5.22 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.40. The firm has a market capitalization of $2.90 billion, a P/E ratio of 2.13 and a beta of 0.73. The company has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $9.98.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fieldpoint Private Securities LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth about $26,000. Ground Swell Capital LLC bought a new stake in shares of Companhia Paranaense de Energia – COPEL during the 1st quarter worth $26,000. Parallel Advisors LLC grew its stake in Companhia Paranaense de Energia – COPEL by 866.0% in the 1st quarter. Parallel Advisors LLC now owns 22,740 shares of the utilities provider’s stock valued at $29,000 after buying an additional 20,386 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Companhia Paranaense de Energia – COPEL during the 1st quarter worth $30,000. Finally, Lindbrook Capital LLC boosted its holdings in Companhia Paranaense de Energia – COPEL by 831.7% during the first quarter. Lindbrook Capital LLC now owns 34,250 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 30,574 shares during the period.

About Companhia Paranaense de Energia – COPEL

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, 2019, the company operated 19 hydroelectric plants, 25 wind plants, and one thermoelectric plant with a total installed capacity of 5,742.0 megawatts; and owned and operated 3,389 kilometers of transmission lines and 199,952.6 kilometers of distribution lines.

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