Comp En De Mn Cemig ADS (NYSE:CIG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Comp En De Mn Cemig ADS (NYSE:CIG) to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Comp En De Mn Cemig ADS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Comp En De Mn Cemig ADS Stock Performance

Shares of CIG stock opened at $2.29 on Friday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 12.03 and a beta of 0.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $2.13 and its 200 day moving average is $2.22. Comp En De Mn Cemig ADS has a 12 month low of $1.87 and a 12 month high of $2.76.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CIG. Investment Research Partners LLC boosted its position in shares of Comp En De Mn Cemig ADS by 47.9% in the third quarter. Investment Research Partners LLC now owns 302,274 shares of the utilities provider’s stock valued at $635,000 after acquiring an additional 97,942 shares during the period. Avail Investment Partners LLC grew its stake in Comp En De Mn Cemig ADS by 80.3% during the third quarter. Avail Investment Partners LLC now owns 73,897 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 32,907 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new position in Comp En De Mn Cemig ADS during the third quarter valued at approximately $38,000. Avidian Wealth Enterprises LLC grew its stake in Comp En De Mn Cemig ADS by 110.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 147,461 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 77,495 shares in the last quarter. Finally, Plan A Wealth LLC increased its holdings in Comp En De Mn Cemig ADS by 9.2% during the 3rd quarter. Plan A Wealth LLC now owns 132,265 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 11,091 shares during the period.

Comp En De Mn Cemig ADS Company Profile

Companhia Energética de Minas Gerais SA, commonly known as Cemig, is a Brazilian electric utility headquartered in Minas Gerais. The company operates across the power sector, with activities that include electricity generation, transmission, distribution and commercialization.

Cemig supplies electricity to customers throughout Minas Gerais and manages a portfolio of power-generation assets, including hydroelectric facilities. Through affiliated businesses, the company has also participated in natural gas distribution and other energy-related activities.