CPFL Energia SA (NYSE:CPL) shares hit a new 52-week high on Friday . The company traded as high as $14.78 and last traded at $14.68, with a volume of 99,578 shares. The stock had previously closed at $14.43.

Separately, Zacks Investment Research raised CPFL Energia SA from a “sell” rating to a “hold” rating in a report on Wednesday.

The firm has a market cap of $7.48 billion and a PE ratio of 22.26. The firm has a 50-day moving average price of $14.11 and a 200 day moving average price of $11.53.

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.

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