Companhia Energetica de Minas Gerais traded at 10.20 this Wednesday November 4th, increasing 0.34 or 3.45 percent since the previous trading session. Looking back, over the last four weeks, CEMIG gained 14.86 percent. Over the last 12 months, its price fell by 13.71 percent. Looking ahead, we forecast Companhia Energetica de Minas Gerais to be priced at 9.74 by the end of this quarter and at 8.83 in one year, according to Trading Economics global macro models projections and analysts expectations.
Energy of Minas Gerais Co is a Brazil-based holding company. The Company operates in several states in Brazil, through numerous subsidiaries. However, the Company''s operations are primarily centralized in the state of Minas Gerais. The main operational segment is distribution of electrical energy, followed by electric energy commercialization, gas distribution, electric energy generation, and electric energy transmission. Constituted to operate in the commercialization of electric power and as holding company, with interests in subsidiaries or jointly controlled entities, whose objectives are: construction and operation of systems for generation, transformation, transmission, distribution and sale of energy, and also activities in the various fields of energy sector, including gas distribution, provision of distributed generation services and energy efficiency solutions, for the purpose of commercial operation.