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Friday, November 27, 2020

NYSE: ELP Receives A Downgrade To A “Hold” Rating From Stock Market Analysts

During a Tuesday report, Zacks Investment Research revealed that NYSE: ELP has been downgraded from a rating of “buy” to a rating of “sell.” Companhia Paranaense de Energia (NYSE: ELP) operates as a utility firm. They generate and distribute electricity. 

On 6th October, during a Tuesday report, ValuEngine increased its NYSE: ELP shares to a rating of “sell” from a rating of “strong sell”. 

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During the last trading session, Companhia Paranaense De Energia (NYSE: ELP) Stock started trading at $0.05. The firm’s debt to equity ratio, current ratio, and quick ratio are 0.49, 1.43, 1.41 respectively. The company’s fifty-two-week highs and lows are at $18.15 and $8.28. NYSE: ELP also reported its 200 days moving average and 50 days moving average at $11.36 and $11.66. The company’s market capitalization stands at $3.14 billion. It’s beta and price to earnings ratio are 0.63 and 4.51. 

What Do Hedge Funds And Stock Market Institutional Investors Say About NYSE: ELP Holdings?

Several stock market hedge funds shifted gears on Companhia Paranaense De Energia (NYSE: ELP) shares recently. Clark Capital Management Group Inc recently purchased NYSE: ELP shares worth $17,525,000 for the second quarter. State Street Corp boosted its Companhia Paranaense De Energia (NYSE: ELP) Holdings by 45.7 percent for the first quarter. They currently own an estimate of $8,346,000, which comes from 773,560 company shares. Similarly, Amundi Pioneer Asset Management Inc boosted its NYSE: ELP holdings by 12.5 percent for the first quarter. They currently own an estimate of $2,170,000, which comes from 233,800 company shares. 

Alliancebernstein LP also increased its Companhia Paranaense De Energia holdings by19.5 percent for the first quarter. They currently own an estimate of $2,266,000, which comes from 217,682 company shares. Lastly, Assetmark Inc boosted its Companhia Paranaense De Energia (NYSE: ELP) holdings by 10,531.3 percent for the second quarter. They currently own an estimate of $1,772,000, which comes from 155,961 company shares. 

What Was Companhia Paranaense De Energia (NYSE: ELP) Holdings’ Last Earnings For The Quarter? 

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On 18th August, during a Tuesday report, Companhia Paranaense De Energia (NYSE: ELP) revealed its latest earnings for the quarter. As per reports, the company earned $1.09 EPS. The company’s return on equity and net margin stood at 15.62 percent and 17.67 percent. The company’s revenue for the quarter was reported to be $869.92 million. 

As per the stock market analysts, the company will bring in $1.08 EPS for this FY. 

Companhia Paranaense De Energia (NYSE: ELP) primarily generates, transmits, distributes, and sells electricity to commercial, residential, and industrial customers.

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