Shares of CEMIG (NYSE:CIG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.87 and traded as high as $1.90. CEMIG shares last traded at $1.88, with a volume of 4,099,855 shares traded.
Analysts Set New Price Targets
Several brokerages have issued reports on CIG. Bank of America lowered CEMIG from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 1st. Hsbc Global Res upgraded shares of CEMIG to a "hold" rating in a report on Friday, January 10th. Finally, HSBC downgraded CEMIG from a "buy" rating to a "hold" rating in a research note on Friday, January 10th.
Get Our Latest Stock Report on CEMIG
CEMIG Stock Performance
The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 3.56 and a beta of 1.01. The company's fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $1.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.04 and a quick ratio of 1.04.
CEMIG Cuts Dividend
The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.033 per share. The ex-dividend date was Monday, March 31st. CEMIG's dividend payout ratio is currently 25.93%.
About CEMIG
(
Get Free Report)
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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