CEMIG (CIG) Given Consensus Rating of “Hold” by Brokerages

CEMIG (NYSE:CIG) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company.

A number of brokerages have issued reports on CIG. Goldman Sachs Group lowered shares of CEMIG from a “neutral” rating to a “sell” rating in a research note on Thursday, January 3rd. HSBC lowered shares of CEMIG from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Citigroup lowered shares of CEMIG from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. Santander upgraded shares of CEMIG from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Finally, UBS Group lowered shares of CEMIG from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 17th.

Shares of CEMIG stock opened at $3.57 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.81. CEMIG has a 12-month low of $1.56 and a 12-month high of $3.90. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 13.73 and a beta of 0.22.

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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Analyst Recommendations for CEMIG (NYSE:CIG)

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