Companhia Paranaense de Energia (NYSE:ELP) Receives a Lower Rating From BidaskScore. Is it Time to Sell Shares?

Companhia Paranaense de Energia - COPEL (NYSE:ELP) Logo

Companhia Paranaense de Energia (NYSE:ELP) Receives a Downgrade

Companhia Paranaense de Energia (NYSE:ELP) shares were lowered by BidaskScore to a “Hold” rating in analysts note issued on 17 May.

The stock decreased 1.84% or $0.2 during the last trading session, reaching $10.66. About 420,815 shares traded. Companhia Paranaense de Energia – COPEL (NYSE:ELP) has risen 23.11% since May 18, 2018 and is uptrending. It has outperformed by 18.74% the S&P500.

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other clients primarily in the State of Paraná, Brazil. The company has market cap of $2.81 billion. As of December 31, 2017, the firm 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. It has a 10 P/E ratio. It holds concessions to distribute electricity in 394 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina.

More notable recent Companhia Paranaense de Energia – COPEL (NYSE:ELP) news were published by: Seekingalpha.com which released: “COPEL Is Much More Stable Than CEMIG, But The Potential Upside Is Also Lower – Seeking Alpha” on September 24, 2015, also Seekingalpha.com with their article: “Flash Trading: Goldman Sachs Front Running Everyone Else – Seeking Alpha” published on July 22, 2009, Seekingalpha.com published: “Companhia Paranaense de Energia (ELP) CEO Daniel Pimentel Slaviero on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” on May 15, 2019. More interesting news about Companhia Paranaense de Energia – COPEL (NYSE:ELP) were released by: Finance.Yahoo.com and their article: “Is Companhia Paranaense de Energia – COPEL (ELP) A Good Stock To Buy ? – Yahoo Finance” published on April 29, 2019 as well as Seekingalpha.com‘s news article titled: “Wall Street’s 50 Favorite Dividend Stocks For 2018 – Seeking Alpha” with publication date: December 13, 2017.

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