Zacks Investment Research upgraded Cia Energetica de Minas Gerais CEMIG-ADR (NYSE:CIG) to Hold in a statement released earlier today.
- Updated: November 30, 2016
Zacks Investment Research has upgraded Cia Energetica de Minas Gerais CEMIG-ADR (NYSE:CIG) to Hold in a statement released on 11/30/2016.
Just yesterday Cia Energetica de Minas Gerais CEMIG-ADR (NYSE:CIG) traded -3.02% lower at $2.35. Cia Energetica de Minas Gerais CEMIG-ADR’s 50-day moving average is $2.65 and its 200-day moving average is $2.43. The last closing price is down -7.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 6,533,000 shares of CIG traded hands, up from an average trading volume of 4,074,250
Recent Performance Chart
Cia Energetica de Minas Gerais CEMIG-ADR has 52 week low of $1.02 and a 52 week high of $3.08 with a PE ratio of 10.14 and has a market capitalization of $0.
Brief Synopsis On Cia Energetica de Minas Gerais CEMIG-ADR (NYSE:CIG)
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. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It is also engaged in businesses, such as telecommunications, energy solutions consulting, and acquisition, transport and distribution of gas and its subproducts and derivatives.
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