Cia Energetica De Minas Gerais - ADR (Preference Shares)

NYSE:CIG   3:59:58 PM EDT
2.39
+0.10 (+4.37%)
5:27:55 PM EDT: $2.36 -0.03 (-1.26%)
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Market Cap (Intraday)2.42B
Current PE2.47
Forward PE 6.83
2yr Forward PE 6.83
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Estimates Current Quarter
Revenue$1.06 Billion
Adjusted EPS$0.09
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10-Day MA$2.25
50-Day MA$2.22
200-Day MA$2.22
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Cia Energetica De Minas Gerais - ADR (Preference Shares) Stock, NYSE:CIG

Avenida Barbacena, 1200, Santo Agostinho, Belo Horizonte, Minas Gerais 30190-131
Phone: +55.31.3506.5024
Number of Employees: 5254

Description

Companhia Energ?©tica de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. It operates through the following segments: Generation, Transmission, Distribution, and Other Businesses. The Generation segment engages in the generation of electricity through hydroelectric plants, thermoelectric plants and wind farms. The Transmission segment engages in the electric power transmission business, which consists of transporting electric power from the facilities where it broadcasted to the distribution networks for delivery to final users. The Distribution segment engages in the supply electricity to consumers in the state of Minas Gerais. The Other Businesses segment engages in the telecommunications, national and international energy solutions, and exploitation of natural gas. The company was founded by Juscelino Kubitschek de Oliveira on May 22, 1952 and is headquartered in Belo Horizonte, Brazil.