Buy $CIG - NRPicks 07 Mar

NYSE:CIG   Comp En De Mn Cemig
Cia Energetica Minas Gerais-Cemig, through its subsidiaries, participates in the generation, transmission, distribution and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km transmission lines; and 335,421 km of distribution lines.

Risk rating agency Standard & Poor's (S&P) has raised its corporate ratings for Cemig, said the increase in ratings reflects our view that Cemig has kept its credit and liquidity metrics strong amid the pandemic. The company is close to filing its earnings report on March 31.

-P/S 0.79
-P/E 8.9
-P/B 1.04
-ROE 12.30%

-Low levels of RSI - Oversold
-Price below MA50,MA100 andMA200
-Support at $2.04

Trade closed manually:
19 Mar


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