Companhia Paranaense de Energia found using ticker (ELP) now have 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 7.1 and 7 calculating the average target price we see 7.05. Now with the previous closing price of 7.71 this now indicates there is a potential downside of -8.6%. The 50 day moving average now sits at 6.69 and the 200 moving average now moves to 6. The market cap for the company is $21,099m. Company Website: https://www.copel.com
The potential market cap would be $19,293m 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.
