Separately, JPMorgan Chase & Co. upgraded shares of CEMIG from a neutral rating to an overweight rating in a research note on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold.
Shares of CEMIG stock traded down $0.02 during midday trading on Thursday, hitting $3.64. The company had a trading volume of 1,891,229 shares, compared to its average volume of 2,980,911. The company’s 50 day moving average price is $3.80. The company has a market cap of $4.61 billion, a PE ratio of 14.56 and a beta of 0.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.70. CEMIG has a 1-year low of $1.56 and a 1-year high of $4.11.
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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