CEMIG (CIG) Shares Gap Down to $3.83

CEMIG (NYSE:CIG) gapped down prior to trading on Thursday . The stock had previously closed at $3.92, but opened at $3.83. CEMIG shares last traded at $3.75, with a volume of 6743302 shares changing hands.

Several research analysts have recently commented on the company. HSBC downgraded CEMIG from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Citigroup downgraded CEMIG from a “neutral” rating to a “sell” rating in a report on Wednesday, January 16th. Goldman Sachs Group downgraded CEMIG from a “neutral” rating to a “sell” rating in a report on Thursday, January 3rd. Santander raised CEMIG from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Finally, JPMorgan Chase & Co. raised CEMIG from a “neutral” rating to an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold”.

The firm has a market capitalization of $4.56 billion, a P/E ratio of 14.42 and a beta of 0.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.21 and a quick ratio of 1.21.

TRADEMARK VIOLATION NOTICE: “CEMIG (CIG) Shares Gap Down to $3.83” was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.wkrb13.com/2019/04/11/cemig-cig-shares-gap-down-to-3-83.html.

CEMIG Company Profile (NYSE:CIG)

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.

Featured Article: What moving averages are used to define a golden cross?

Receive News & Ratings for CEMIG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMIG and related companies with MarketBeat.com's FREE daily email newsletter.