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Last $3.68 USD
Change Today -0.16 / -4.17%
Volume 3.4M
CIG On Other Exchanges
Symbol
Exchange
New York
Sao Paulo
New York
Mexico
OTC US
Sao Paulo
Frankfurt
Frankfurt
As of 8:04 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

cemig sa -spons adr (CIG) Key Developments

Brazil Court Quashes Cemig Hydro Challenge

A Brazilian court has rejected a bid by Cemig to continue operating the 424 MW Jaguara hydroelectric plant. The ruling comes almost two years after Cemig launched legal action after the federal government revoked its concession to operate the plant. Cemig claims it was unlawfully stripped of the contract after the introduction of the controversial MP579 bill, sanctioned by President Dilma Rousseff in January 2013, which slashed future revenue from the facility in Minas Gerais state.

Companhia Energética de Minas Gerais S.A. Presents at Citi's 8th Annual Brazil Equity Conference, Jun-24-2015 01:00 PM

Companhia Energética de Minas Gerais S.A. Presents at Citi's 8th Annual Brazil Equity Conference, Jun-24-2015 01:00 PM. Venue: Sao Paulo, Brazil.

Cemig Reports Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Cemig reported audited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s net revenue was BRL 5,849.279 million against BRL 4,710.009 million a year ago. Income before Financial income and taxes was BRL 2,331.772 million against BRL 1,926.496 million a year ago. Pretax income was BRL 2,058.322 million against BRL 1,828.957 million a year ago. Net income for the period was BRL 1,484.627 million against BRL 1,250.089 million a year ago. Adjusted net income for the period was BRL 911.445 million against BRL 1,338.265 million a year ago. EBITDA was BRL 2,578.893 million against BRL 2,108.529 million a year ago. The company’s consolidated total debt at March 31, 2015 was BRL 13.056 billion, 3.35% lower than at December 31, 2014. Net cash generated by operating activities was BRL 0.332 million against BRL 0.618 million a year ago. Investments in Fixed and intangible assets were BRL 0.242 million against BRL 0.167 million a year ago.

Companhia Energética de Minas Gerais S.A., Q1 2015 Earnings Call, May 19, 2015

Companhia Energética de Minas Gerais S.A., Q1 2015 Earnings Call, May 19, 2015

Companhia Energética de Minas Gerais S.A. - Shareholder/Analyst Call

Companhia Energética de Minas Gerais S.A. - Shareholder/Analyst Call

 

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CIG

Industry Average

Valuation CIG Industry Range
Price/Earnings 4.4x
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow 2.4x
TEV/Sales NM Not Meaningful
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