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

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

The company has a market capitalization of $2.87 billion and a P/E ratio of 5.69. The company’s 50-day moving average price is $9.98 and its 200-day moving average price is $8.07.

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