NYSE:CIGCEMIG Stock Price, Forecast & News

CEMIG's stock was trading at $2.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CIG shares have decreased by 9.1% and is now trading at $2.19. View which stocks have been most impacted by Coronavirus.

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.

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

News stories about CIG stock have trended negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. CEMIG earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about CEMIG.

CEMIG saw a drop in short interest in June. As of June 30th, there was short interest totaling 7,500,000 shares, a drop of 13.1% from the June 15th total of 8,630,000 shares. Based on an average trading volume of 4,430,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the shares of the company are sold short. View CEMIG's Current Options Chain.

Some companies that are related to CEMIG include CenterPoint Energy (CNP), RED ELECTRICA C/ADR (RDEIY), Korea Electric Power (KEP), Enel Americas (ENIA), CENTRAIS ELETRI/S (EBR.B), Vistra Energy (VST), Brookfield Renewable Partners (BEP), Pinnacle West Capital (PNW), CENTRAIS ELETRI/S (EBR), NRG Energy (NRG), ENGIE BRASIL EN/S (EGIEY), Algonquin Power & Utilities (AQN), OGE Energy (OGE), Huaneng Power International Inc ADR Class N (HNP) and CHINA RESOURES/ADR (CRPJY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other CEMIG investors own include Enterprise Products Partners (EPD), Vale (VALE), Beazer Homes USA (BZH), Energy Transfer LP Unit (ET), Ford Motor (F), PETROLEO BRASIL/ADR (PBR), General Electric (GE), Frontline (FRO), HollyFrontier (HFC) and Companhia Siderurgica Nacional (SID).

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

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.

One share of CIG stock can currently be purchased for approximately $2.19.

CEMIG has a market capitalization of $3.19 billion and generates $6.32 billion in revenue each year. CEMIG employs 5,596 workers across the globe.

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

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]