CEMIG (NYSE:CIG) Upgraded at ValuEngine

ValuEngine upgraded shares of CEMIG (NYSE:CIG) from a sell rating to a hold rating in a research report released on Wednesday morning, ValuEngine reports.

NYSE CIG traded down $0.07 on Wednesday, hitting $3.12. The company’s stock had a trading volume of 6,390,957 shares, compared to its average volume of 3,613,413. CEMIG has a 52-week low of $2.87 and a 52-week high of $4.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.55.

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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