Shares of Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) traded down 2% during trading on Tuesday . The stock traded as low as $2.95 and last traded at $2.98, with a volume of 2,617,470 shares trading hands. The stock had previously closed at $3.04.

Separately, Zacks Investment Research raised shares of Companhia Energetica de Minas Gerais from a “sell” rating to a “hold” rating in a report on Monday, July 25th.

The stock has a market cap of $3.57 billion and a PE ratio of 16.51. The stock has a 50 day moving average price of $2.66 and a 200 day moving average price of $2.00.

Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company mainly engaged in the generation, transmission and distribution of electricity. The Company operates through the segments: Generation, Transmission, Distribution, Telecom, Gas and Other. The Company generates electricity at approximately 78 hydroelectric plants, three thermoelectric plants and 23 wind farms.

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