CIG Description — Companhia Energetica de Minas Gerais - CEMIG
Companhia Energetica de Minas Gerais - CEMIG is engaged in the generation, transmission and distribution of electricity. Co. also engages in the following businesses: (i) distributing natural gas in Minas Gerais through Co.'s subsidiary, Companhia de Gas de Minas Gerais, (ii) telecommunications through Co.'s consolidated subsidiary Cemig Telecomunicacoes S.A.; (iii) national and international energy solutions consulting business through Co.'s subsidiary Efficientia S.A.; and (iv) implementation and management of systems for electricity sector companies through Co.'s subsidiary Axxiom Solucoes Tecnologicas S.A.; and (v) exploitation of natural gas through six consortia.
CIG — Key Stats (updated Monday, March 3, 10:22 AM)
Tue, Jan 7, 10:40 AM, Zacks CEMIG Upgraded to Neutral - Analyst Blog We recently upgraded our recommendation on Companhia Energetica de Minas Gerais, or CEMIG, from Underperform to Neutral. We expect the company to perform in line with the broader market in the next 6-12 months.
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