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Blue Chip Growth

Stock Report: Companhia Energetica de Minas Gerais SA Sponsored (CIG) Report Updated: Sep 26, 2016 | Print This Page

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Companhia Energetica de Minas Gerais SA Sponsored (CIG)

Rating: Hold Volatility: Aggressive
Total Grade: C Industry: Electric Utilities
Competitors: LNT,BIP,SO,EE

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: C down downgrade
Last Week: B same no change
Two Weeks Ago: B up no change
service keys

Companhia Energetica de Minas Gerais SA Sponsored © quotemedia

Company Profile

Companhia Energética de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2014, the company generated electricity through 78 hydroelectric plants, 3 thermoelectric plants, and 23 wind farms with a total installed capacity of 7,716 megawatts; owned and operated the generation and transmission network of 1,355 miles of 500 kV lines, 1,228 miles of 345 kV lines, and 478 miles of 230 kV lines in Minas Gerais; and operated 316,500 miles of distribution lines. It also acquires, explores for, transports, distributes, and sells natural gas and its sub products and derivatives; offers network and Internet access connectivity solutions, telecommunication services, energy solutions and consulting services, and technology systems, as well as systems for operational management of public service concessions; and sells and trades in electricity. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.