CPL and EBR are also down, but this one is the worst. I added a small amount to my position to get more of the next dividend. That's the reason I own this stock. The question now is: how low will it go?
Maybe panic from cemig downgrade. I dont understand what cemig has to do with cig.
Isn't it a different company?
Sentiment: Strong Buy
CIG is the ADR of Cemig. This seems to me a way over-reaction to a downgrade by an analyst.
Companhia Energética de Minas Gerais=CEMIG=CIG as symbol on NYSE.