The stock of Companhia Paranaense de Energia (ADR) (NYSE:ELP) hit a new 52-week high and has $15.50 target or 36.00% above today’s $11.40 share price. The 6 months bullish chart indicates low risk for the $2.53B company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $15.50 price target is reached, the company will be worth $910.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 32,909 shares traded hands. Companhia Paranaense de Energia (ADR) (NYSE:ELP) has risen 66.37% since March 15, 2016 and is uptrending. It has outperformed by 60.88% the S&P500.
Analysts await Companhia Paranaense de Energia (ADR) (NYSE:ELP) to report earnings on November, 10.
According to Zacks Investment Research, “Companhia Paranaense de Energia is involved in the Utilities Industry. They are a fully integrated electric power company that is involved in the generation, distributionand transmission of electricity.”
More notable recent Companhia Paranaense de Energia (ADR) (NYSE:ELP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Fool.com with their article: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” published on February 11, 2014, Benzinga.com published: “Mid-Afternoon Market Update: Dow Rises More Than 200 Points; Lexmark Shares …” on September 30, 2016. More interesting news about Companhia Paranaense de Energia (ADR) (NYSE:ELP) were released by: Investorplace.com and their article: “5 Electric Utilities Stocks to Buy Now” published on August 26, 2016 as well as Investorplace.com‘s news article titled: “9 Electric Utilities Stocks to Buy Now” with publication date: September 09, 2016.
ELP Company Profile
Companhia Paranaense de Energia – Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The Firm also provides telecommunications and other services. The Company’s divisions include Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL). The Company’s GET segment includes the generation of electric energy from hydraulic, wind and thermal projects; the transport and transformation of the power generated by the Company, and the construction, operation and maintenance of all power transmission substations and lines. The Company’s DIS segment includes the distribution and sale of electric energy, the operation and maintenance of the distribution infrastructure, and related services. The Company’s TEL segment includes telecommunications and general communications services. The Company’s GAS segment includes the public service of piped natural gas distribution. The Company’s HOL segment includes participation in other companies.
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