CEMIG (NYSE:CIG - Get Free Report) was downgraded by stock analysts at HSBC from a "buy" rating to a "hold" rating in a report released on Friday, Marketbeat Ratings reports.
Separately, Scotiabank began coverage on shares of CEMIG in a research report on Thursday, October 31st. They set a "sector perform" rating for the company.
Read Our Latest Report on CIG
CEMIG Trading Down 4.2 %
NYSE:CIG traded down $0.08 during trading hours on Friday, hitting $1.72. 2,711,863 shares of the stock were exchanged, compared to its average volume of 1,693,073. The company's 50 day moving average is $1.90 and its two-hundred day moving average is $1.95. CEMIG has a twelve month low of $1.68 and a twelve month high of $2.19. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $4.91 billion, a P/E ratio of 3.20 and a beta of 1.31.
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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