Companhia Energetica de MinasGerais Hits New 1-Year Low at $5.29 (CIG)
Shares of Companhia Energetica de MinasGerais (NYSE:CIG) hit a new 52-week low on Tuesday , AnalystRatings.Net reports. The stock traded as low as $5.29 and last traded at $5.30, with a volume of 5,522,312 shares trading hands. The stock had previously closed at $5.67.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Companhia Energetica de MinasGerais from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $8.25 price target on the stock.
The stock’s 50-day moving average is $5.69 and its 200-day moving average is $6.29. The company has a market cap of $5.960 billion and a price-to-earnings ratio of 3.10.
Companhia Energetica de Minas Gerais (NYSE:CIG) is a Brazil-based electric utilities company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.