CEMIG (NYSE:CIG) Downgraded to “Sell” at ValuEngine

CEMIG (NYSE:CIG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Separately, JPMorgan Chase & Co. raised CEMIG from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold”.

NYSE:CIG traded down $0.02 during trading hours on Thursday, reaching $3.64. The stock had a trading volume of 1,891,229 shares, compared to its average volume of 2,980,911. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.17 and a quick ratio of 1.17. CEMIG has a 52 week low of $1.56 and a 52 week high of $4.11. The company’s 50 day moving average price is $3.80. The company has a market capitalization of $4.61 billion, a PE ratio of 14.56 and a beta of 0.21.

CEMIG Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CEMIG (NYSE:CIG)

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