Shares of CEMIG (NYSE:CIG - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $1.76, but opened at $1.71. CEMIG shares last traded at $1.75, with a volume of 1,804,118 shares trading hands.
Analyst Upgrades and Downgrades
CIG has been the subject of a number of analyst reports. HSBC cut CEMIG from a "buy" rating to a "hold" rating in a research note on Friday, January 10th. Hsbc Global Res upgraded CEMIG to a "hold" rating in a research report on Friday, January 10th. Finally, Bank of America downgraded shares of CEMIG from a "neutral" rating to an "underperform" rating in a research report on Tuesday.
Read Our Latest Analysis on CIG
CEMIG Stock Performance
The firm has a market cap of $4.85 billion, a P/E ratio of 3.17 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04. The stock's 50-day moving average is $1.88 and its 200 day moving average is $1.91.
CEMIG Cuts Dividend
The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.033 dividend. The ex-dividend date was Monday, March 31st. CEMIG's dividend payout ratio (DPR) is currently 25.93%.
CEMIG Company Profile
(
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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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