|Bid||2.16 x 9300|
|Ask||2.85 x 30000|
|Day's Range||2.50 - 2.59|
|52 Week Range||2.06 - 3.84|
|PE Ratio (TTM)||16.58|
|Dividend & Yield||0.08 (2.98%)|
|1y Target Est||N/A|
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Companhia Energética de Minas Gerais SA with the following peers – Centrais Eletricas Brasileiras S.A. – Eletrobras Sponsored ADR Pfd Class B, Companhia Paranaense de Energia Sponsored ADR Pfd Class B, CPFL Energia S.A. Sponsored ADR, FirstEnergy Corp., Consolidated Edison, Inc., Power Assets Holdings Limited ... Read more (Read more...)
Cia Energética de Minas Gerais SA missed second-quarter profit estimates as some costs rose faster than revenue and income from financial investments slumped, probably reflecting a decline in domestic borrowing costs. Net income was 138.11 million reais ($43 million) in the quarter, down 32 percent from the same period a year ago, Cemig said in a securities filing late on Friday. The number missed the average consensus estimate of 341.51 million reais compiled by Thomson Reuters.
Chinese investors may bid for assets belonging to Brazil's renewable energy company Renova Energia SA and power generation assets owned by Light SA, according to a letter sent to managers of the firms seen by Reuters. The plan announced by the company, known as Cemig, may entail the full sale of both Light and Renova. Cemig declined comment.