News stories about Comp En De Mn Cemig ADS (NYSE:CIG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comp En De Mn Cemig ADS earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.222008407085 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern’s rankings:

Comp En De Mn Cemig ADS (NYSE CIG) opened at 2.65 on Wednesday. Comp En De Mn Cemig ADS has a 12 month low of $2.06 and a 12 month high of $3.84. The firm’s 50-day moving average is $2.67 and its 200-day moving average is $2.68. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 18.66 and a beta of 2.01.

Several analysts have issued reports on CIG shares. BidaskClub upgraded Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) raised Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and upped their price target for the company from $2.10 to $2.80 in a research report on Friday, July 14th. Finally, Morgan Stanley upgraded Comp En De Mn Cemig ADS from an “underweight” rating to an “overweight” rating in a research note on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Comp En De Mn Cemig ADS currently has an average rating of “Hold” and an average target price of $2.80.

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About Comp En De Mn Cemig ADS

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.

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