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8/22/12(CIG) Companhia Energetica de Minas Gerais Downgraded to Neutral (Stock Blog Hub)

Brazilian electric utility, Companhia Energetica de Minas Gerais (CIG), also known as CEMIG, was recently downgraded by us from Outperform to a Neutral recommendation. Cemig, the fifth largest electricity generator in Brazil, generates approximately 97% of electricity from hydroelectric sources. Demand for electricity seems to be on the rise as Brazil prepares to host two major [...]

7/25/11Amp Up Your Income with Comphania Energetica de Minas Gerais (NYSE ADR: CIG) (Money Morning)

You may never have heard of Comphania Energetica de Minas Gerais (NYSE ADR: CIG). But this Brazil-based electric utilities company could be your key to unlocking profits - and income - at a time when much of the developed world is mired in stagflation. So let's buy Comphania Energetica de Minas Gerais (**). It's not a difficult decision when you look at the global market and see that there aren't many trustworthy investments in the United States and Europe. The non-stop ...

6/29/11(CIG) Companhia Energetica de Minas Gerais Analyst Neutral on Shares (Stock Blog Hub)

We recently maintained a Neutral recommendation on Companhia Energetica de Minas Gerais (CIG), also known as CEMIG, one of the largest integrated electric utilities in Brazil. The company has more than 6,896 megawatts of installed generation capacity. With the global economy reviving from the recent crisis, economic growth in emerging countries is noticeable. Brazil, for instance, [...]

6/26/11(CIG) Companhia Energetica de Minas Gerais Guides for 2011-2015 (Stock Blog Hub)

Companhia Energetica de Minas Gerais (CIG), also known as CEMIG, recently announced its financial guidance for the period 2011-2015. The company's distribution unit, CEMIG D is expected to post healthy results in the years ahead. Energy distribution in the retail market (captive market) is expected to escalate from an estimated 23.2-24.3 TWh range in 2011 to [...]

4/5/11Stocks Trading on Overbought Level at NYSE: (CIG, IRM, PKD) (Penny Stock DD)

Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) surged by 1.04% to close at $20.42 with overall traded volume of 3.69 million shares in the last trading day. The current market price is 18.92% more than its last 50 day simple moving average. The RSI value of 84.34 times depicts that the current share value is in [...]

12/31/10NYSE Utilities Sector Major Price Jumps: (XEL, AES, CIG, PEG, TE) (Penny Stock DD)

Xcel Energy Inc. (NYSE:XEL) gained by 0.21% to close at $23.55 with overall traded volume of 1.36 million shares in the last trading day. Its total market capitalization stood at $10.84 billion. The company stands in profit with the profit margin of 7.59%. The share price is likely to move by 0.43 times against [...]

10/5/10Benzinga's Top Upgrades (SWIR, ETH, CIG, PCG) (Benzinga)

Sierra Wireless Inc (NASDAQ: SWIR) was upgraded by Jefferies from “hold” to "buy." SWIR's shares closed at $10.51 yesterday. Sierra Wireless' earnings are likely to gain 36.92% in the next year. Goldman upgraded Ethan Allen Interiors Inc (NYSE: ETH) from "sell" to "neutral." ETH's shares closed at $17.02 yesterday. Ethan Allen's earnings are likely to move up 63.08% in the next year. Companhia Energetica Minas Gerais (NYSE: CIG) was upgraded by Barclays from "equal weight" to...

3/29/10(CIG) Companhia Energetica de Minas Gerais Depends on Sales Volume (Stock Blog Hub)

Recently, Companhia Energetica de Minas Gerais, or CEMIG (CIG) posted results for the fourth quarter and year 2009. Net income for the quarter was R$434 million (US$248 million), up from R$246 million (US$107.4 million) in the same quarter of 2008 based on a 22.0% increase in net revenues during the quarter. EPS was R$0.70 or 40 [...]

6/2/09Guest post: What personal consumption data means for the stock market (naked capitalism)

Submitted by Edward Harrison of the site Credit Writedowns. The data for personal consumption came out yesterday.  However, I have not had a chance to look at the data and write a post until now.  What I see right now is not good for a sustainable recovery.  Let me tell you why and how this could impact the chances for getting a longer cyclical bull market. Every month, the Bureau of Economic Analysis (BEA) releases a data series called Personal Income and Its...

6/2/09Why the personal consumption data is important to the stock market (Credit Writedowns)

The data for personal consumption came out yesterday.  However, I have not had a chance to look at the data and write a post until now.  What I see right now is not good for a sustainable recovery.  Let me tell you why and how this could impact the chances for getting a longer cyclical [...]

8/19/08CIG Hits Retracement Level (The Wild Investor)

I have recently fallen in love with MarketClub's charts and how they work. While running through some of their "smart scans," I came across Companhia Energetica Minas Gerais (CIG). For much of the year, CIG has hit some great growth; however, it has come back down a little over the past couple of months. By using the [...]

11/10/05Citadel hedge fund forms second reinsurance firm (Hedge Fund Blogs From HedgeCo.Net)

NEW YORK, Nov 7 (Reuters) - Citadel Investment Group, a leading hedge fund manager, is again pushing into the reinsurance market by launching a new Bermuda-based venture backed by $500 million in fund assets. The new reinsurance company, called New Castle Reinsurance Co. Ltd., follows on from Citadel's existing Bermuda-based reinsurer [...]


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