Companhia Paranaense de Energia (NYSE:ELP) shares shot up 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. lowered shares of Companhia Paranaense de Energia from a “buy” rating to a “neutral” rating in a report on Friday, August 5th.

The firm has a market capitalization of $2.93 billion and a P/E ratio of 5.89. The stock has a 50-day moving average of $10.18 and a 200 day moving average of $8.28.

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