|Bid||3.58 x 40700|
|Ask||3.83 x 39400|
|Day's Range||3.6900 - 3.7650|
|52 Week Range||1.5600 - 3.9000|
|Beta (3Y Monthly)||-0.97|
|PE Ratio (TTM)||17.56|
|Forward Dividend & Yield||0.07 (2.01%)|
|1y Target Est||4.00|
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
Moody's America Latina ("Moody's") has upgraded the corporate family ratings (CFR) of Companhia Energetica de Minas Gerais - CEMIG (CEMIG) to B1/Baa2.br from B2/Ba1.br respectively in global and national scale, concluding the review for upgrade that was initiated in September 06 2018. The ratings upgrade reflects Moody's updated views on CEMIG's baseline credit assessment (BCA) and upgrade to b1 from b2. Concomitantly, Moody's upgraded the global and national scale issuer, senior unsecured, and senior secured ratings assigned to Cemig Distribuicao S.A. (CEMIG D) and Cemig Geracao e Transmissao S.A. (CEMIG GT) to B1/Baa2.br from B2/Ba1.br.
Brazilian competition authorities have approved American Tower Corp's acquisition of telecommunications assets owned by Cia Energetica de Minas Gerais SA, the government's official bulletin said on Wednesday. ...
Moody's America Latina ("Moody's") has upgraded the corporate family ratings (CFR) of Companhia Energetica de Minas Gerais - CEMIG (CEMIG) to B2/Ba1.br from B3/B2.br respectively in global and national scale. The ratings upgrade reflects Moody's updated views on CEMIG's baseline credit assessment (BCA) and upgrade to b2 from caa1. Concomitantly, Moody's upgraded the global and national scale issuer, senior unsecured, and senior secured ratings assigned to Cemig Distribuicao S.A. (CEMIG D) and Cemig Geracao e Transmissao S.A. (CEMIG GT) to B2/Ba1.br from B3/B2.br.
American Tower's (AMT) purchase of telecom assets will enable it to grow in the Brazilian market. The company is anticipated to have paid a premium of more than 70% for the buyout.
American Tower Corp and unlisted Brazilian operator Algar Telecom SA on Wednesday purchased the broadband network of Cia Energetica de Minas Gerais SA, known as Cemig, potentially spurring more dealmaking ...
Meanwhile, the Nasdaq closed the session at its high point and the S&P 500 rose for just the second time in six sessions. The Dow fell 0.03%, or 7 points to 25,326, while the S&P 500 rose 0.49%, or 14 points to 2,827, and the Nasdaq gained 1.24%, or 95 points to 7,802. shares are down 2% Thursday afternoon after the company reported second-quarter revenue that missed analyst expectations.
The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region. U.S. telecoms company AT&T closed its deal to buy media company Time Warner for $85 billion last month. "I don't think it's going to affect the market in Latin America," America Movil Chief Executive Daniel Hajj said on a call discussing the company's second-quarter results.
LONDON, UK / ACCESSWIRE / July 10, 2018 / If you want a free Stock Review on CIG sign up now at www.wallstequities.com/registration. WallStEquities.com has initiated research coverage on Companhia Energetica de Minas Gerais (NYSE: CIG), Entergy Corp. (NYSE: ETR), FirstEnergy Corp. (NYSE: FE), and Korea Electric Power Corp. (NYSE: KEP).
China's State Power Investment Corp is likely to deliver a bid for Brazil's fourth-largest hydroelectric dam as soon as next month, two people with knowledge of the matter said on Friday. The sources, who requested anonymity because they were not authorized to discuss the deal publicly, said that China's State Power Investment Corp had been in talks with shareholders of the Santo Antonio plant last year, before breaking off negotiations to bid for another dam. Cia Energética de Minas Gerais (Cemig) and Odebrecht SA, the owners of the 3.6-gigawatt Santo Antonio dam in the state of Rondonia, are selling assets to pay down debt.
Brazilian utility Companhia Energetica de Minas Gerais has received far more interest than expected in the sale of its telecommunications assets, attracting 16 groups interested in bidding, a person familiar with the matter told Reuters. Cemig, as the company is widely known, plans to auction the assets of its telecoms unit, Cemig Telecom, for a minimum of 367 million reais ($96.9 million) as part of a plan to reduce its large debt load. Cemig did not immediately respond to a request for comment.
What matters more than anything is the market cap. It’s an error to think a stock is cheap simply because its share price is in the low single digits. Whether the company has a low share price due to falling from glory or just not being discovered yet, these low-priced players can sometimes rocket to crazy heights.
Brazilian state energy firm Cia Energetica de Minas Gerais SA has bought energy contracts from wind and solar parks set to be built in the near future with a total capacity of 1,240 megawatts, it said in a statement on Wednesday. Cemig, as the company is widely known, had organized an auction, in which private companies competed to provide energy to the state-run firm. While the financial terms of the contracts were not immediately available, Cemig executives had previously told Reuters this auction was an important re-contracting opportunity for the company.
BELO HORIZONTE, Brazil , May 24, 2018 /PRNewswire/ -- COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") , a listed company with securities traded on the stock exchanges of São Paulo, New ...
Brazil's real jumped more than 1 percent on Tuesday after central bank minutes reinforced investors' beliefs that the country's deepest monetary easing cycle in a decade was over, while other Latin American ...
Brazil's real jumped almost 1 percent on Tuesday after the central bank released meeting minutes that many traders interpreted as hawkish, while a rally in commodities prices pushed up currencies in other ...
Argentina's stock market and peso currency climbed on Wednesday after the central bank held a successful auction of its Lebac notes a day earlier, indicating the country had calmed investor jitters at ...
Transmission company Taesa delivered a non-binding offer for 51 percent of Cia Centroeste de Minas Gerais SA, currently owned by Cia Energetica de Minas Gerais, the two companies said in securities filings ...
China's State Power Investment Corp is looking for new Brazilian acquisition targets, even after spending 7.2 billion reais ($2 billion) for a license to operate a hydroelectric plant in the country last September, a senior executive told Reuters. "Brazil is one of the top regional priorities for the group's expansion," said Adriana Waltrick, the country head for SPIC, as the Chinese company is known. SPIC, which operates in 41 countries and owns 120 gigawatts in capacity, aims to expand its capacity by 30 gigawatts worldwide through 2020.
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.