CPFL Energia SA (NYSE:CPL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.00 and last traded at $13.92, with a volume of 100,739 shares. The stock had previously closed at $13.87.

Separately, Zacks Investment Research raised CPFL Energia SA from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, March 24th.

The stock has a market capitalization of $7.00 billion and a P/E ratio of 23.89. The firm has a 50 day moving average price of $12.41 and a 200-day moving average price of $10.09.

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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