Zacks Rating on Comp En De Mn Cemig ADS (CIG)

Comp En De Mn Cemig ADS (CIG) : The consensus on Comp En De Mn Cemig ADS (CIG) based on 1 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.


Companhia Energetica de Minas Gerais S.A. has dropped 6.76% in the last five trading days, however, the shares have posted positive gains of 4.94% in the last 4 weeks. Companhia Energetica de Minas Gerais S.A. is up 89.04% in the last 3-month period. Year-to-Date the stock performance stands at 99.49%. Comp En De Mn Cemig ADS (NYSE:CIG): On Tuesdays trading session , Opening price of the stock was $2.83 with an intraday high of $2.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.76. However, the stock managed to close at $2.76, a loss of 0.72% for the day. On the previous day, the stock had closed at $2.78. The total traded volume of the day was 4,903,767 shares.

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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