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Rating: ELP

Companhia Paranaense De Energia (copel) (NYSE: ELP) rated to Buy by Citigroup

Wednesday,  Jan 27, 2016  12:25 PM ET by Dave Ficere

Citigroup rated Companhia
Paranaense De Energia (copel) (NYSE: ELP) to Buy.

Companhia Paranaense de Energia - COPEL is a Brazil-based company involved in the energy sector. It has 17 hydroelectric and one thermoelectric power plants. Through its subsidiaries, Copel is principally engaged in the distribution, generation, transmission and commercialization of electric energy for residential, industrial, commercial and rural consumption, among others. The Company directly serves 3,491,930 consuming units, across 393 cities and 1,118 locations (districts, villages and settlements) in the state of Parana. The Company also provides telecommunication and consulting services. The Company?s subsidiaries include COPEL Geracao e Transmissao, COPEL Distribuicao, COPEL Telecomunicacoes and COPEL Participacoes, among others.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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