ValuEngine Upgrades CEMIG (CIG) to “Hold”
ValuEngine upgraded shares of CEMIG (NYSE:CIG) from a sell rating to a hold rating in a research report report published on Friday.
Separately, UBS Group upgraded CEMIG from a hold rating to a buy rating in a research report on Tuesday, October 9th.
CIG traded up $0.05 during trading on Friday, reaching $2.80. 11,602,325 shares of the stock were exchanged, compared to its average volume of 8,275,063. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 10.77 and a beta of 1.67. CEMIG has a 1 year low of $1.56 and a 1 year high of $2.87.
Companhia Energética 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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