Brokerage Firm Rating Update on Comp En De Mn Cemig ADS (CIG)

Comp En De Mn Cemig ADS (CIG) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 1 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.


For the current week, the company shares have a recommendation consensus of Buy.

Comp En De Mn Cemig ADS (NYSE:CIG): The stock was completely flat for the day, closing at $2.98 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $2.96, the stock touched an intraday high of $3.01 and a low of $2.93. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $2.98. The total trading volume on Wednesday was 2,907,799.

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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