Companhia Paranaense de Energia found using ticker (ELP) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 7.1 and 7 calculating the mean target price we have 7.05. Given that the stocks previous close was at 5.51 this would indicate that there is a potential upside of 27.9%. The 50 day MA is 5.42 and the 200 moving average now moves to 5.74. The company has a market capitalisation of $15,243m. Company Website: https://www.copel.com
The potential market cap would be $19,503m based on the market concensus.
Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2019, the company operated 19 hydroelectric plants, 25 wind plants, and one thermoelectric plant with a total installed capacity of 5,742.0 megawatts; and owned and operated 3,389 kilometers of transmission lines and 199,952.6 kilometers of distribution lines. It holds concessions to distribute electricity in 399 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. The company also provides telecommunication services to corporate clients, including supermarkets, universities, banks, internet service providers, and television networks, as well as to retail clients; and broadband internet access to public elementary and middle schools. In addition, it supplies piped gas to 47,238 customers, including thermoelectric plants, cogeneration plants, gas stations, other businesses, and residences through a gas distribution network covering 833 kilometers in the State of Paraná. Companhia Paranaense de Energia  COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
