Companhia Energetica de MinasGerais Downgraded by TheStreet to “Sell” (CIG)
Companhia Energetica de MinasGerais (NYSE:CIG) was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Analyst RN reports.
The analysts wrote, “Energy Company of Minas Gerais (CIG) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.”
Separately, analysts at Zacks reiterated an “underperform” rating on shares of Companhia Energetica de MinasGerais in a research note to investors on Tuesday, September 3rd. They now have a $7.25 price target on the stock.
Companhia Energetica de MinasGerais (NYSE:CIG) traded up 0.05% on Thursday, hitting $9.195. The stock had a trading volume of 909,485 shares. Companhia Energetica de MinasGerais has a one year low of $7.81 and a one year high of $11.7376. The stock has a 50-day moving average of $8.47 and a 200-day moving average of $9.52. The company has a market cap of $8.848 billion and a P/E ratio of 3.72.
Companhia Energetica de Minas Gerais (NYSE:CIG) is a Brazil-based electric utilities company.
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