CPFL Energia SA (CPL) Hits New 12-Month High at $13.72
CPFL Energia SA (NYSE:CPL) reached a new 52-week high during trading on Monday . The company traded as high as $13.72 and last traded at $13.55, with a volume of 177,736 shares trading hands. The stock had previously closed at $13.64.
Separately, Zacks Investment Research upgraded CPFL Energia SA from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, March 24th.
The stock has a market cap of $6.90 billion and a PE ratio of 24.39. The stock’s 50 day moving average is $11.73 and its 200-day moving average is $9.82.
CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, Services and Other.
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