CEMIG (CIG) Given Consensus Recommendation of “Hold” by Brokerages

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CEMIG (NYSE:CIG) has received an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company.

CIG has been the subject of a number of recent analyst reports. Santander upgraded CEMIG from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Goldman Sachs Group lowered CEMIG from a “neutral” rating to a “sell” rating in a research note on Thursday, January 3rd. HSBC cut CEMIG from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Citigroup lowered CEMIG from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 16th.

Shares of NYSE CIG traded up $0.03 during mid-day trading on Monday, hitting $3.63. The company’s stock had a trading volume of 3,321,372 shares, compared to its average volume of 4,025,293. CEMIG has a one year low of $1.56 and a one year high of $3.98. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4.54 billion, a PE ratio of 13.96 and a beta of 0.22.

CEMIG Company Profile

Companhia Energ├ętica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.

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Analyst Recommendations for CEMIG (NYSE:CIG)

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