Zacks: Companhia Paranaense de Energia (ELP) Given Consensus Rating of “Sell” by Analysts

Companhia Paranaense de Energia (NYSE:ELP) has been given an average broker rating score of 4.00 (Sell) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation. Companhia Paranaense de Energia’s rating score has declined by 14.3% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given Companhia Paranaense de Energia an industry rank of 89 out of 255 based on the ratings given to its competitors.

Shares of NYSE ELP opened at $9.57 on Friday. The firm has a market cap of $2.62 billion, a PE ratio of 6.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.00. Companhia Paranaense de Energia has a one year low of $4.70 and a one year high of $10.49.

Companhia Paranaense de Energia (NYSE:ELP) last issued its quarterly earnings data on Friday, March 29th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $964.15 million for the quarter. Companhia Paranaense de Energia had a return on equity of 8.61% and a net margin of 9.49%.

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, May 1st will be paid a $0.086 dividend. This is a positive change from Companhia Paranaense de Energia’s previous annual dividend of $0.02. This represents a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 30th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC bought a new position in Companhia Paranaense de Energia in the 4th quarter worth about $46,000. Virtu Financial LLC bought a new position in Companhia Paranaense de Energia in the 4th quarter worth about $85,000. Barclays PLC increased its stake in Companhia Paranaense de Energia by 208.5% in the 4th quarter. Barclays PLC now owns 11,672 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 7,889 shares during the last quarter. Verity Asset Management Inc. bought a new position in Companhia Paranaense de Energia in the 4th quarter worth about $108,000. Finally, Eqis Capital Management Inc. bought a new position in Companhia Paranaense de Energia in the 4th quarter worth about $181,000. Institutional investors and hedge funds own 0.52% of the company’s stock.

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.

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