CIG - Companhia Energética de Minas Gerais
2.32 0.00 (0.00%)
After hours: 6:25PM EDT
| Previous Close | 2.38 |
| Open | 2.33 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 2.30 - 2.34 |
| 52 Week Range | 1.89 - 3.09 |
| Volume | 2,168,998 |
| Avg. Volume | 3,957,866 |
| Market Cap | 2.874B |
| Beta | 1.98 |
| PE Ratio (TTM) | 11.37 |
| EPS (TTM) | 0.20 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.08 (3.18%) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 3.10 |
Reuters•15 days agoTelefonica Brasil to expand ultra-fast broadband to 20 new cities
Telefonica Brasil SA will expand ultra-fast fiber-to-the-home (FTTH) broadband service to more than 20 new cities in 2018 as Brazil's largest telecommunications firm eyes ambitious growth among wealthier clients, a top executive told Reuters. Chief Operating Officer Christian Gebara said in an interview that the number of homes with access to the company's FTTH network will more than double to almost 15 million in the next three years from the current seven million. Telefonica Brasil, which operates under the Vivo brand, is among a number of telecoms firms in Latin America's largest economy focusing on fixed-line broadband as the mobile market becomes saturated.
- Reuters•15 days ago
Telefonica Brasil to expand ultra-fast broadband to 20 new cities
Telefonica Brasil SA will expand ultra-fast fiber-to-the-home (FTTH) broadband service to more than 20 new cities in 2018 as Brazil's largest telecommunications firm eyes ambitious growth among wealthier clients, a top executive told Reuters. Chief Operating Officer Christian Gebara said in an interview that the number of homes with access to the company's FTTH network will more than double to almost 15 million in the next three years from the current seven million. Telefonica Brasil, which operates under the Vivo brand, is among a number of telecoms firms in Latin America's largest economy focusing on fixed-line broadband as the mobile market becomes saturated.
- Reuters•29 days ago
Brazil's Cemig seeks acquisition from Renova Energias
Brazilian state-run electricity utility Companhia Energética de Minas Gerais presented a binding proposal to Renova Energia to acquire 100 pct of the renewable energies firm's stake in Chipley SP Participacoes, ...
- GlobeNewswire•last month
Investor Expectations to Drive Momentum within Ambev S.A, AC Immune SA, Comp En De Mn Cemig ADS, GSV Capital, Novartis AG, and New York — Discovering Underlying Factors of Influence
NEW YORK, March 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
- Reuters•last month
SPIC renews talks to buy Brazilian hydroelectric project -paper
SPIC Overseas, a unit of China's State Power Investment Corporation, has renewed talks regarding a possible purchase of Brazil's Santo Antonio hydroelectric power project, a Brazilian newspaper reported on Wednesday. Citing sources familiar with the matter, Valor Econômico said SPIC has returned to the negotiating table after talks with major shareholders Companhia Energetica de Minas Gerais SA , known as Cemig, and engineering conglomerate Odebrecht SA stalled in mid-2017.
- Reuters•2 months ago
Cemig may auction fiber optic assets rather than telecom unit -sources
Brazilian state-run utility Cia Energetica de Minas Gerais SA has told parties interested in its fiber-optic arm that it intends to sell those assets in an auction rather than privatize its unit Cemig Telecom, two people familiar with the matter said. Cemig had broken off the divestment process for its fiber optic unit last year. Earlier this month, its board approved the integration of Cemig Telecomunicações SA, as the unit is formally known, into the parent company.
- Capital Cube•4 months ago
ETFs with exposure to Companhia Energética de Minas Gerais SA : December 28, 2017
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)
- Moody's•4 months ago
Cemig Distribuicao S.A. -- Moody's assigns B3/B2.br ratings to Cemig-D's BRL1,575 million debentures due 2022
Rating Action: Moody's assigns B3/B2. br ratings to Cemig-D's BRL1, 575 million debentures due 2022. Global Credit Research- 22 Dec 2017. Sao Paulo, December 22, 2017-- Moody´s América Latina assigned ...
- Capital Cube•4 months ago
ETFs with exposure to Companhia Energética de Minas Gerais SA : December 12, 2017
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG.C-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)
- Zacks•5 months ago
Companhia Energetica (CIG) Incurs Loss in Q3 on High Costs
Companhia Energetica de Minas Gerais' (CIG) third-quarter 2017 bottom-line results suffered from rise in operating expenses and equity method losses.
- Capital Cube•6 months ago
ETFs with exposure to Companhia Energética de Minas Gerais SA : November 8, 2017
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)
- Moody's•6 months ago
Companhia Energetica de Minas Gerais - CEMIG -- Moody's downgrades Cemig and its subsidiaries to B3/B2.br; Ratings placed under review for downgrade
Rating Action: Moody's downgrades Cemig and its subsidiaries to B3/B2. br; Ratings placed under review for downgrade. Global Credit Research- 31 Oct 2017. Sao Paulo, October 31, 2017-- Moody´s América ...
- Capital Cube•6 months ago
ETFs with exposure to Companhia Energética de Minas Gerais SA : October 26, 2017
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)
- Reuters•6 months ago
Brazil's Cemig fires business development director, sources say
Brazilian state-run electricity company Companhia Energética de Minas Gerais SA has dismissed its business development director, two sources with knowledge of the matter told Reuters. Cesar Vaz Fernandes's exit will be followed by management changes that will affect at least two other top executives, one of the sources said. Cemig, as the company is known, did not have an immediate comment.
- Reuters•7 months ago
Brookfield refrains from higher bid for Brazil's Renova -source
Brookfield Asset Management Inc has refrained from improving an original bid for Brazilian renewable power company Renova Energia SA, after due diligence proceedings showed liabilities that were unaccounted for, a person with direct knowledge of the situation said on Thursday. Brookfield is leaning toward presenting a bid to Cia Energética de Minas Gerais SA and Light SA, valuing their combined 67 percent voting stake at the equivalent of 9 reais ($2.85) per unit of Renova, said the person, who asked for anonymity because the transaction remains private. A final round of auditing in Renova showed an unnamed project bore a shortfall that had been previously unaccounted for, the person said, without elaborating.
- Capital Cube•7 months ago
ETFs with exposure to Companhia Energética de Minas Gerais SA : October 3, 2017
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)
- Reuters•7 months ago
Exclusive: Brazil's Minas state to oust Cemig CEO Alvarenga, sources say
The No. 1 shareholder in Cia Energética de Minas Gerais SA has decided to oust Chief Executive Bernardo Alvarenga and three senior executives after the debt-laden power utility lost control of four dams and took too long to shed assets, two people directly involved in the matter said on Friday. The Brazilian sate of Minas state, which has 51 percent voting control of the utility known as Cemig, will announce the ouster of Alvarenga and three senior vice presidents after their replacements have been found, one of the people said.
- Reuters•7 months ago
Cemig to exit Brazil's Renova as Brookfield hints at higher bid: sources
Cia Energética de Minas Gerais SA and a subsidiary plan to exit their controlling stake in Brazilian renewable power company Renova Energia SA as Brookfield Asset Management Inc considers raising a takeover bid more than initially expected, two people with direct knowledge of the matter said on Friday. According to the people, who requested anonymity because the talks remain private, Brookfield would offer Cemig and subsidiary Light SA the equivalent of 11.75 reais ($3.72) per unit of Renova. Reuters reported on Sept. 19 that Brookfield was considering proposing to buy each unit of Renova at 11.25 reais to persuade both shareholders into selling their combined 64.4 percent stake.
- Reuters•7 months ago
EMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax plan
Latin American currencies weakened on Wednesday as the market digested comments from Federal Reserve Chair Janet Yellen which seemed to confirm that further U.S. interest rate hikes are coming soon. In an address on Tuesday, Yellen said it would be "imprudent" to keep rates on hold until inflation accelerates to the U.S. central bank's 2 percent target. U.S. President Donald Trump's plan to slash rates on businesses and the wealthy could also speed up consumer price increases, paving the way for tighter monetary policy.
- Reuters•7 months ago
EMERGING MARKETS-LatAm currencies down on N.Korea, Fed jitters
Latin American currencies weakened on Tuesday, weighed down by continuing tensions between North Korea and the United States, as well as the prospect of higher U.S. interest rates. North Korea's foreign ...
Yahoo Finance Video•2 months agoBig Lots got lots o' big problems today: Stock tanks after reporting earnings
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action after Big Lots reports fourth quarter earnings that fell short on revenue expectations and below Wall Street estimates for comparable sales.
Yahoo Finance Video•3 months agoWhy the amount of Americans with no insurance is growing
The number of Americans without health insurance shot up in President Trump’s first year in office. Yahoo Finance’s Alexis Christoforous and Melody Hahm discuss what demographics have the biggest declines.
