CPFL Energia SA (NYSE:CPL)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $14.12 and last traded at $14.04, with a volume of 258,485 shares traded. The stock had previously closed at $13.65.

Separately, Zacks Investment Research lowered CPFL Energia SA from a “buy” rating to a “hold” rating in a research note on Thursday, March 31st.

The stock has a market capitalization of $7.15 billion and a P/E ratio of 24.65. The stock has a 50-day moving average price of $12.82 and a 200 day moving average price of $10.34.

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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