Comp En De Mn Cemig ADS (CIG) Receives ‘Analyst’ Rating

Comp En De Mn Cemig ADS (CIG) : 1 analysts are covering Comp En De Mn Cemig ADS (CIG) and their average rating on the stock is 1, which is read as a Strong Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels.


Comp En De Mn Cemig ADS (NYSE:CIG): After opening at $2.5, the stock dipped to an intraday low of $2.47 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.57 and the buying power remained strong till the end. The stock closed at $2.55 for the day, a gain of 2.82% for the day session. The total traded volume was 2,419,124. The stocks close on the previous trading day was $2.48.

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. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It is also engaged in telecommunications, national and international energy solutions consulting business, exploitation of natural gas, sale and trading of electricity, trading electricity, and acquisition, transport and distribution of gas and its sub products and derivatives.

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