Goldman Sachs assumed coverage on shares of Companhia Energetica de MinasGerais (NYSE:CIG) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) shares after opening at $6.40 moved to $6.75 on last trade day and at the end of the day closed at $6.74. Company price to sales ratio in past twelve months was calculated as 1.25 and price to cash ratio as 4.37. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) showed a positive weekly performance of 13.28%.
Companhia de Saneamento Basico (NYSESBS), informs the Shareholders that on March 27th, 2014, the Board of Directors resolved on, pursuant to item XI of article 13, and paragraph 1 of article 28 of the Company’s Bylaws, the payment of dividends in the form of interest on own capital related to the period from January to December 2013, to the Shareholders registered as such on April 7th, 2014. Companhia de Saneamento Basico (ADR) (NYSE:SBS) shares advanced 5.67% in last trading session and ended the day on $8.94. SBS return on equity ratio is recorded as 17.60% and its return on assets is 7.80%. Companhia de Saneamento Basico (ADR) (NYSE:SBS) yearly performance is -41.53%.
Transportadora de Gas del Sur S.A. (NYSE:TGS) announced on 11 February the results of the exchange offer in relation to the USD 374 million principal amount of its 7.875% guaranteed senior unsecured notes due 2017. The offer reached a 67% acceptance level resulting in approximately USD 250 million of debt exchanged out of the USD 374 million of old notes outstanding. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) shares moved up 9.71% in last trading session and was closed at $2.26, while trading in range of $2.02 – $2.27. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) year to date (YTD) performance is 4.15%.
Investors certainly have to be happy with CPFL Energia S.A. (NYSE:CPL) and its short term performance. After all, the stock has jumped by 8.1% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. CPFL Energia S.A. (ADR) (NYSE:CPL) weekly performance is 9.39%. On last trading day company shares ended up $16.07. CPFL Energia S.A. (ADR) (NYSE:CPL) distance from 50-day simple moving average (SMA50) is 9.84%. Analysts mean target price for the company is $20.00.