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NYSE:CIGCEMIG Stock Price, Forecast & News

$2.08
-0.06 (-2.80 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$2.08
Now: $2.08
$2.18
50-Day Range
$1.45
MA: $2.02
$2.52
52-Week Range
$1.28
Now: $2.08
$4.11
Volume2.72 million shs
Average Volume3.67 million shs
Market Capitalization$3.03 billion
P/E RatioN/A
Dividend Yield2.76%
Beta0.68
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. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.71 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone55-31-3506-5024

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.32 billion
Cash Flow$0.49 per share
Book Value$2.76 per share

Profitability

Net Income$792.38 million

Miscellaneous

Employees5,596
Outstanding Shares1,458,750,000
Market Cap$3.03 billion
Next Earnings Date8/18/2020 (Estimated)
OptionableOptionable

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CEMIG (NYSE:CIG) Frequently Asked Questions

How has CEMIG's stock been impacted by COVID-19 (Coronavirus)?

CEMIG's stock was trading at $2.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CIG shares have decreased by 13.7% and is now trading at $2.08. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CEMIG?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CEMIG.

When is CEMIG's next earnings date?

CEMIG is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for CEMIG.

Has CEMIG been receiving favorable news coverage?

Media stories about CIG stock have trended somewhat positive this week, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CEMIG earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news about CEMIG.

Who are some of CEMIG's key competitors?

What other stocks do shareholders of CEMIG own?

Who are CEMIG's key executives?

CEMIG's management team includes the following people:
  • Mr. Bernardo Afonso Salomão de Alvarenga, CEO, Pres of Exec. Board & Director (Age 67)
  • Mr. Maurício Fernandes Leonardo Jr., Júnior, Chief Officer for Fin. & Investor Relations and Member of Exec. Board
  • Mr. Franklin Moreira Gonçalves, Chief Generation & Transmission Officer and Member of Exec. Board (Age 48)
  • Mr. Daniel Faria Costa, Chief Trading Officer & Member of Exec. Board
  • Mr. José de Araújo Lins Neto, Chief Corp. Management Officer & Member of Exec. Board

What is CEMIG's stock symbol?

CEMIG trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIG."

How do I buy shares of CEMIG?

Shares of CIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CEMIG's stock price today?

One share of CIG stock can currently be purchased for approximately $2.08.

How big of a company is CEMIG?

CEMIG has a market capitalization of $3.03 billion and generates $6.32 billion in revenue each year. CEMIG employs 5,596 workers across the globe.

What is CEMIG's official website?

The official website for CEMIG is www.cemig.com.br.

How can I contact CEMIG?

CEMIG's mailing address is AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019. The utilities provider can be reached via phone at 55-31-3506-5024 or via email at [email protected]

This page was last updated on 7/4/2020 by MarketBeat.com Staff

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