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

ValuEngine lowered shares of CEMIG (NYSE:CIG) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, ValuEngine reports.

NYSE:CIG traded up $0.04 on Wednesday, reaching $3.40. 2,282,940 shares of the company’s stock were exchanged, compared to its average volume of 3,661,006. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $3.47 and a 200-day moving average of $3.61. CEMIG has a 52-week low of $2.13 and a 52-week high of $4.11.

About CEMIG

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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