Companhia Paranaense De Energia Stock Hits New 52-Week High (ELP)
Companhia Paranaense De Energia (NYSE:ELP) hit a new 52-week high Wednesday as it changed hands at $27.22 compared with its previous 52-week high of $27.18. Companhia Paranaense De Energia is currently trading at $27.20 with 24,067 shares changing hands as of 9:54 a.m.
NEW YORK ( TheStreet) -- Companhia Paranaense De Energia (NYSE: ELP) hit a new 52-week high Wednesday as it traded at $27.22 compared with its previous 52-Week high of $27.18. Companhia Paranaense De Energia is changing hands at $27.20 with 24,067 shares traded as of 9:54 a.m. ET. Average volume has been 471,600 shares over the past 30 days. Companhia Paranaense De Energia has a market cap of $7.3 billion and is part of the utilities sector and utilities industry. Shares are up 6% year to date as of the close of trading on Tuesday. Companhia Paranaense de Energia Copel engages in the generation, transmission, distribution, and sale of electricity for industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. The company has a P/E ratio of 19.8, below the average utilities industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Companhia Paranaense De Energia as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Companhia Paranaense De Energia Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.