Somewhat Positive News Coverage Somewhat Unlikely to Affect Comp En De Mn Cemig ADS (CIG) Share Price

Media headlines about Comp En De Mn Cemig ADS (NYSE:CIG) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comp En De Mn Cemig ADS earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 47.4847120081062 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of equities analysts have recently issued reports on CIG shares. BidaskClub upgraded Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Morgan Stanley upgraded Comp En De Mn Cemig ADS from an “underweight” rating to an “overweight” rating in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) upgraded Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $2.10 to $2.80 in a research report on Friday, July 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $2.80.

Shares of Comp En De Mn Cemig ADS (NYSE CIG) opened at 2.62 on Monday. The firm has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.64. Comp En De Mn Cemig ADS has a one year low of $2.06 and a one year high of $3.84. The company has a market capitalization of $3.30 billion, a P/E ratio of 18.45 and a beta of 2.01.

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About Comp En De Mn Cemig ADS

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.

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