Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $2.53, but opened at $2.47. Companhia Energetica de Minas Gers CEMIG shares last traded at $2.43, with a volume of 2317180 shares traded.
Several brokerages recently weighed in on CIG. JPMorgan Chase lowered Companhia Energetica de Minas Gers CEMIG from an “overweight” rating to a “neutral” rating in a research report on Wednesday. UBS upgraded Companhia Energetica de Minas Gers CEMIG from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Companhia Energetica de Minas Gers CEMIG currently has a consensus rating of “Hold” and a consensus price target of $2.80.
The stock has a market capitalization of $3,058.99, a P/E ratio of 30.63 and a beta of 1.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.64 and a quick ratio of 0.63.
Companhia Energetica de Minas Gers CEMIG 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.
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