Companhia Paranaense de Energia (NYSE:ELP) shares traded up 2.8% during trading on Wednesday . The stock traded as high as $10.46 and last traded at $10.46, with a volume of 198,067 shares. The stock had previously closed at $10.18.

Separately, Citigroup Inc. downgraded Companhia Paranaense de Energia from a “buy” rating to a “neutral” rating in a report on Friday, August 5th.

The company has a 50-day moving average of $10.05 and a 200-day moving average of $8.11. The stock has a market cap of $2.90 billion and a P/E ratio of 5.84.

Companhia Paranaense de Energia (NYSE:ELP) last posted its quarterly earnings data on Friday, August 12th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.91. Analysts predict that Companhia Paranaense de Energia will post $0.91 earnings per share for the current fiscal year.

Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).

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