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Energy Company Of Parana Stock Downgraded (ELP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Energy Company of Parana (NYSE: ELP) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Electric Utilities industry average. The net income increased by 12.4% when compared to the same quarter one year prior, going from $172.55 million to $193.90 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 14.0%. Since the same quarter one year prior, revenues slightly increased by 5.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has significantly decreased to -$4.26 million or 113.13% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Electric Utilities industry and the overall market, COPEL-CIA PARANAENSE ENERGIA's return on equity is below that of both the industry average and the S&P 500.
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Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity primarily to industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Energy Company of Parana has a market cap of $4.29 billion and is part of the utilities sector and utilities industry. Shares are down 1.2% year to date as of the close of trading on Thursday.

You can view the full Energy Company of Parana Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

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