Companhia Paranaense de Energia with ticker code (ELP) now have 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 7.1 and 7 calculating the average target price we see 7.05. With the stocks previous close at 6.79 this indicates there is a potential upside of 3.8%. There is a 50 day moving average of 6.15 and the 200 moving average now moves to 5.89. The company has a market capitalisation of $18,006m. Company Website: https://www.copel.com
The potential market cap would be $18,696m 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 clientsluding 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 customersluding 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.
