Companhia Paranaense de Energia (ELP) Shares Down 3%
Companhia Paranaense de Energia (NYSE:ELP) shares were down 3% during trading on Tuesday . The stock traded as low as $10.19 and last traded at $10.19, with a volume of 191,764 shares. The stock had previously closed at $10.51.
Separately, Citigroup Inc. downgraded Companhia Paranaense de Energia from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th.
The stock’s 50 day moving average is $10.13 and its 200-day moving average is $8.21. The stock has a market capitalization of $2.81 billion and a price-to-earnings ratio of 5.65.
Companhia Paranaense de Energia (NYSE:ELP) last posted its quarterly earnings results on Friday, August 12th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.91. Analysts predict that Companhia Paranaense de Energia will post $0.88 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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