Companhia de Transmissao de Energia Eletrica Paulista traded at 29.49 this Friday April 24th, decreasing 0.53 or 1.77 percent since the previous trading session. Looking back, over the last four weeks, CTEEP lost 2.47 percent. Over the last 12 months, its price rose by 26.68 percent. Looking ahead, we forecast Companhia de Transmissao de Energia Eletrica Paulista to be priced at 28.70 by the end of this quarter and at 26.45 in one year, according to Trading Economics global macro models projections and analysts expectations.
CTEEP-Companhia de Transmissao de Energia Eletrica Paulista is a private public utility concession company engaged in the transmission of energy in Brazil. The Company has investments in reinforcement, new connections and modernization projects. The Company has an installed transformation capacity of approximately 55,700 Mega Volt Ampere (MVA), with over 18,500 kilometers of transmission lines, approximately 25,800 kilometers of circuits, over 2,350 kilometers of optical fiber cables owned by the company and approximately 120 substations with tensions of approximately 550 Kilovolt (Kv). The Company, through its subsidiaries, operates in Brazilian states, including Rio Grande do Sul, Santa Catarina, Parana, Sao Paulo, Minas Gerais, Espirito Santo, Rondonia, Mato Grosso, Mato Grosso do Sul, Goias, Tocantins, Maranhao, Piaui, Paraiba, Pernambuco and Alagoas.