Companhia Paranaense de Energia - Copel's (ELPC) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• The stock rating for Companhia Paranaense de Energia - Copel (ELPC) has been reaffirmed as "hold (C)" by Weiss Ratings.
• On the day of the report, ELPC shares traded up to $9.49 with a market cap of $10.15 billion and a P/E ratio of 13.37.
• A recent filing shows that hedge fund Allworth Financial LP purchased 3,250 shares of Copel, indicating renewed institutional interest in the stock.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Companhia Paranaense de Energia - Copel Stock Performance

Shares of ELPC stock traded up $0.05 on Friday, reaching $9.49. 1,450 shares of the company's stock traded hands, compared to its average volume of 1,873. The company has a market capitalization of $10.15 billion, a P/E ratio of 13.37 and a beta of -0.02. Companhia Paranaense de Energia - Copel has a 12-month low of $5.04 and a 12-month high of $9.50. The business's 50 day moving average price is $8.63 and its two-hundred day moving average price is $8.11.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Companhia Paranaense de Energia - Copel stock. Allworth Financial LP purchased a new stake in shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,250 shares of the company's stock, valued at approximately $28,000.

About Companhia Paranaense de Energia - Copel

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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