|Last Price$2.55||Day Change (%)0.39%|
|Open Price$2.52||Day Change ($)0.01|
|Day Range2.50–2.56||52-Week Range2.06–3.84|
As of Tue 10/17/2017 5:03:00 PM | USD
Cemig CIG delivered solid results in 2006, as expected. A 6% jump in delivered electricity volumes, combined with a 7% tariff increase, propelled net revenue growth in the high teens. Cost increases of more than 20%, however, weighed down operating income, which posted just 8% growth. While Cemig's ...
Amid the current challenging environment for defensive names, we see several opportunities for long-term investment in wide-moat companies at reasonable discounts.
This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The information contained here has been obtained from ...