JPMorgan Chase lowered shares of Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) from an overweight rating to a neutral rating in a research report report published on Wednesday, Marketbeat reports.
Separately, UBS raised Companhia Energetica de Minas Gers CEMIG from a market perform rating to an outperform rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Companhia Energetica de Minas Gers CEMIG has an average rating of Hold and an average target price of $2.80.
Companhia Energetica de Minas Gers CEMIG stock opened at $2.42 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 0.64. Companhia Energetica de Minas Gers CEMIG has a 12 month low of $1.89 and a 12 month high of $3.13.
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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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