Companhia Paranaense de Energia (NYSE:ELP) shares rose 3.1% during trading on Friday . The stock traded as high as $10.58 and last traded at $10.57, with a volume of 168,155 shares traded. The stock had previously closed at $10.25.

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

The company’s 50 day moving average price is $10.18 and its 200 day moving average price is $8.28. The stock has a market capitalization of $2.93 billion and a PE ratio of 5.86.

Companhia Paranaense de Energia (NYSE:ELP) last issued its quarterly earnings results on Friday, August 12th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.91. On average, equities analysts expect that Companhia Paranaense de Energia will post $0.88 EPS for the current 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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