Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Companhia Paranaense de Energia (ADR) before investing.

In this article, we go over a few key elements for understanding Companhia Paranaense de Energia (ADR)’s stock price such as:

• Companhia Paranaense de Energia (ADR)’s current stock price and volume
• Why Companhia Paranaense de Energia (ADR)’s stock price changed recently
• Upgrades and downgrades for ELP from analysts
• ELP’s stock price momentum as measured by its relative strength

About Companhia Paranaense de Energia (ADR) (ELP)

Before we jump into Companhia Paranaense de Energia (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Companhia Paranaense de Energia, also known as Copel, is a Brazil-based electric utilities company. The Firm’s activities are divided into five segments: Power Generation and Transmission (GeT); Power Distribution and Sales (DiS); Telecommunications (TEL); Gas; and Holding (HOL). The 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 DiS segment is focused on the distribution and sale of electric energy, and the operation and maintenance of the distribution infrastructure. The TEL segment provides telecommunications services. The Gas segment is involved in the public service of piped natural gas distribution. The HOL segment consists of the participation in other companies. The Company operates in the state of Parana.

Want to learn more about Companhia Paranaense de Energia (ADR)’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Companhia Paranaense de Energia (ADR).

Companhia Paranaense de Energia (ADR)’s Stock Price as of Market Close

As of May 09, 2024, 4:00 PM, CST, Companhia Paranaense de Energia (ADR)’s stock price was $7.15.

Companhia Paranaense de Energia (ADR) is down 5.42% from its previous closing price of $7.56.

During the last market session, Companhia Paranaense de Energia (ADR)’s stock traded between $7.44 and $7.59. Currently, there are 746.12 million shares of Companhia Paranaense de Energia (ADR) stock available for purchase.

Companhia Paranaense de Energia (ADR)’s price-earnings (P/E) ratio is currently at 13.3, which is low compared to the Utilities - Electric industry median of 16.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Companhia Paranaense de Energia (ADR) Stock Price History

Companhia Paranaense de Energia (ADR)’s (ELP) price is currently up 1.56% so far this month.

During the month of May, Companhia Paranaense de Energia (ADR)’s stock price has reached a high of $7.69 and a low of $7.00.

Over the last year, Companhia Paranaense de Energia (ADR) has hit prices as high as $8.91 and as low as $5.66. Year to date, Companhia Paranaense de Energia (ADR)’s stock is up 22.73%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Companhia Paranaense de Energia (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 08, 2024, there was 1 analyst who downgraded Companhia Paranaense de Energia (ADR)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Companhia Paranaense de Energia (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Companhia Paranaense de Energia (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Companhia Paranaense de Energia (ADR)’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Companhia Paranaense de Energia (ADR) (ELP) by visiting AAII Stock Evaluator.

Relative Price Strength of Companhia Paranaense de Energia (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 08, 2024, Companhia Paranaense de Energia (ADR) has a weighted four-quarter relative price strength of -1.89%, which translates to a Momentum Score of 58 and is considered to be Average.

Want to learn more about how Companhia Paranaense de Energia (ADR) is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Companhia Paranaense de Energia (ADR) Stock Price: Bottom Line

As of May 9, 2024, Companhia Paranaense de Energia (ADR)’s stock price is $7.15, which is down 5.42% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Companhia Paranaense de Energia (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.