Companhia Paranaense de Energia – Copel (NYSE:ELPC) Reaches New 12-Month High – Should You Buy?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC)’s share price hit a new 52-week high on Monday . The company traded as high as $10.17 and last traded at $10.15, with a volume of 391 shares. The stock had previously closed at $10.03.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Companhia Paranaense de Energia – Copel Stock Up 1.7%

The company’s 50-day moving average is $8.94 and its 200-day moving average is $8.36. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 14.37 and a beta of -0.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP acquired a new position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

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.