2. Copel (ELP), or Companhia Paranaense de Energia, is a fully integrated electric utility in Brazil. The company engages in the business of generation, transmission and distribution of electric power. Copel runs a generating complex of 18 power plants, while its transmission system totals 1,913 kilometers of lines and 31 automated substations.
Of the six analysts covering the stock, four rate it a buy and the rest suggest a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $26.00, about 27.3% higher than the current price, according to a Bloomberg consensus.
The company reported strong 2011 third-quarter net revenue of $1,235.6 million, an increase of 15.3% from the year-ago quarter, driven by higher electricity sales volumes. Net income for the quarter increased 22.1% to $209.3 million, or 76 cents per share, from the same quarter a year before. As of Sept. 30, the company had 3.88 million customers, vs. 3.81 million as of June.For the first nine months of 2011, the upturn in COPEL's captive market consumption was 5.5%, or 16,858 GWh. For fiscal 2011, COPEL has a capital investment plan of 2,060.5 million reals, with 49.7% on generation and transmission, 45.3% on distribution and 5.0% on telecommunications.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV