Shares of CPFL Energia SA (NYSE:CPL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.72 and last traded at $13.55, with a volume of 177,736 shares trading hands. The stock had previously closed at $13.64.

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

The company’s 50-day moving average is $11.54 and its 200 day moving average is $9.72. The stock has a market capitalization of $6.91 billion and a P/E ratio of 23.99.

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.