Companhia Energetica de Minas Gerais S.A. (NYSE:CIG)’s share price traded up 2.8% during mid-day trading on Friday . The company traded as high as $2.91 and last traded at $2.90, with a volume of 3,553,767 shares trading hands. The stock had previously closed at $2.82.

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

The company has a market capitalization of $3.64 billion and a price-to-earnings ratio of 17.10. The stock’s 50-day moving average price is $2.70 and its 200 day moving average price is $2.02.

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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