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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Shares Gap Up - Should You Buy?

Companhia Paranaense de Energia - Copel logo with Utilities background

Key Points

  • Companhia Paranaense de Energia - Copel's stock opened at $8.82 on Friday, up from a previous close of $8.51, and last traded at $8.88 with a trading volume of 392 shares.
  • Weiss Ratings has maintained a "hold" rating on Copel's stock, which currently has a consensus rating of "Hold" from analysts.
  • A hedge fund, Allworth Financial LP, purchased a new stake in Copel, acquiring 3,250 shares valued at approximately $28,000 in the second quarter.
  • Five stocks to consider instead of Companhia Paranaense de Energia - Copel.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $8.51, but opened at $8.82. Companhia Paranaense de Energia - Copel shares last traded at $8.88, with a volume of 392 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Get Our Latest Stock Analysis on Companhia Paranaense de Energia - Copel

Companhia Paranaense de Energia - Copel Stock Performance

The company has a 50 day moving average of $8.52 and a 200 day moving average of $8.00. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 12.56 and a beta of -0.02.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.10 EPS for the quarter.

Institutional Trading of Companhia Paranaense de Energia - Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia - Copel stock. Allworth Financial LP bought a new position in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,250 shares of the company's stock, valued at approximately $28,000.

About Companhia Paranaense de Energia - Copel

(Get Free Report)

Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.

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