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Blue Chip Growth

Stock Report: Companhia Energetica de Minas Gerais SA Sponsored (CIG) Report Updated: Dec 15, 2014 | Print This Page

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Companhia Energetica de Minas Gerais SA Sponsored (CIG)

Rating: Buy Volatility: Moderate
Total Grade: B Industry: Electric Utilities
Competitors: EXC, UTL, PPL, POR

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: B down no change
Last Week: B same no change
Two Weeks Ago: B up no change
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Companhia Energetica de Minas Gerais SA Sponsored © quotemedia

Company Profile

Companhia Energetica de Minas Gerais, through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2010, the company generated electricity at 59 hydroelectric plants, 3 thermoelectric plants, and 4 wind farms; had a total installed capacity of 6,909 megawatts; owned and operated 3,085 miles of transmission lines; and owned and operated 292,682 miles of distribution lines, through which it supplied electricity to approximately 7.1 million end-consumers. It also distributes natural gas; provides telecommunication services through its fiber-optics and coaxial cable network; and engages in the national and international consulting business that provides energy solutions to industrial, service, and commercial sector companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

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