Todays Report: Today, Companhia Energetica de Minas Gerais S.A. (CIG) Raised to Hold at TheStreet

Today, Companhia Energetica de Minas Gerais S.A. (CIG) Raised to Hold at TheStreet

Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Zacks Investment Research lowered shares of Companhia Energetica de Minas Gerais from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th.

Companhia Energetica de Minas Gerais (NYSE:CIG) traded down 4.58% on Wednesday, reaching $2.29. 2,004,063 shares of the company were exchanged. The company’s 50-day moving average price is $2.67 and its 200-day moving average price is $2.42. Companhia Energetica de Minas Gerais has a 12-month low of $1.02 and a 12-month high of $3.08. The stock has a market capitalization of $2.88 billion, a P/E ratio of 10.50 and a beta of 1.98.

Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in Companhia Energetica de Minas Gerais by 16.0% in the second quarter. BNP Paribas Arbitrage SA now owns 286,768 shares of the company’s stock worth $634,000 after buying an additional 39,566 shares in the last quarter. Deltec Asset Management LLC raised its stake in Companhia Energetica de Minas Gerais by 300.0% in the second quarter. Deltec Asset Management LLC now owns 160,000 shares of the company’s stock worth $354,000 after buying an additional 120,000 shares in the last quarter. TSP Capital Management Group LLC raised its stake in Companhia Energetica de Minas Gerais by 5.4% in the second quarter. TSP Capital Management Group LLC now owns 1,975,739 shares of the company’s stock worth $4,366,000 after buying an additional 100,996 shares in the last quarter. Nordea Investment Management AB purchased a new stake in Companhia Energetica de Minas Gerais during the second quarter worth approximately $158,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Companhia Energetica de Minas Gerais during the second quarter worth approximately $2,241,000. 3.70% of the stock is currently owned by institutional investors.

About Companhia Energetica de Minas Gerais

Related posts

Leave a Comment