Comp En De Mn Cemig ADS (CIG) Shares Gap Up to $2.69

Comp En De Mn Cemig ADS (NYSE:CIG)’s share price gapped up prior to trading on Monday . The stock had previously closed at $2.63, but opened at $2.69. Comp En De Mn Cemig ADS shares last traded at $2.78, with a volume of 3,798,402 shares traded.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) upgraded shares of Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and increased their price target for the stock from $2.10 to $2.80 in a report on Friday, July 14th. Finally, Morgan Stanley upgraded shares of Comp En De Mn Cemig ADS from an “underweight” rating to an “overweight” rating in a report on Thursday, June 22nd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $2.80.

The firm has a market cap of $3.55 billion, a P/E ratio of 19.894 and a beta of 1.92. The firm has a 50-day moving average of $2.67 and a 200 day moving average of $2.77.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIG. Morgan Stanley increased its position in Comp En De Mn Cemig ADS by 205.3% during the first quarter. Morgan Stanley now owns 11,884,345 shares of the utilities provider’s stock worth $39,099,000 after buying an additional 7,991,738 shares during the period. Bank of America Corp DE increased its position in Comp En De Mn Cemig ADS by 105.2% during the first quarter. Bank of America Corp DE now owns 10,859,115 shares of the utilities provider’s stock worth $35,726,000 after buying an additional 5,568,037 shares during the period. Newfoundland Capital Management increased its position in Comp En De Mn Cemig ADS by 159.9% during the second quarter. Newfoundland Capital Management now owns 1,559,000 shares of the utilities provider’s stock worth $3,773,000 after buying an additional 959,155 shares during the period. Jane Street Group LLC increased its position in Comp En De Mn Cemig ADS by 278.5% during the first quarter. Jane Street Group LLC now owns 1,002,744 shares of the utilities provider’s stock worth $3,299,000 after buying an additional 737,834 shares during the period. Finally, Westpac Banking Corp acquired a new position in Comp En De Mn Cemig ADS during the first quarter worth approximately $10,179,000. 2.66% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Comp En De Mn Cemig ADS (CIG) Shares Gap Up to $2.69” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/2888736/comp-en-de-mn-cemig-ads-cig-shares-gap-up-to-2-69.html.

Comp En De Mn Cemig ADS Company Profile

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.

Receive News & Ratings for Comp En De Mn Cemig ADS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comp En De Mn Cemig ADS and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.