News headlines about Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Companhia Energetica de Minas Gers CEMIG earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 44.2380930860726 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) opened at $2.12 on Friday. Companhia Energetica de Minas Gers CEMIG has a 12-month low of $1.89 and a 12-month high of $3.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.64 and a quick ratio of 0.63.
Separately, JPMorgan Chase & Co. upgraded Companhia Energetica de Minas Gers CEMIG from a “neutral” rating to an “overweight” rating in a research note on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.80.
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About Companhia Energetica de Minas Gers CEMIG
Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.
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