Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock prices are up 1.52% to $2.00 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CIG shares have gain 5.82% over the last week, with a monthly amount glided 11.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] stock has seen the most recent analyst activity on November 24, 2023, when BofA Securities downgraded its rating to a Neutral. Previously, HSBC Securities upgraded its rating to Buy on November 01, 2023, and kept the price target unchanged to $2.90. On September 20, 2023, upgrade upgraded it’s rating to Buy. Goldman started tracking the stock assigning a Buy rating. JP Morgan upgraded its rating to a Overweight. Citigroup downgraded its rating to Sell for this stock on January 16, 2019. In a note dated January 03, 2019, Goldman downgraded an Sell rating on this stock.
The stock price of Cia Energetica DE Minas Gerais – Cemig ADR [CIG] has been fluctuating between $1.50 and $2.04 over the past year. Currently, Wall Street analysts expect the stock to reach $2.1 within the next 12 months. Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] shares were valued at $2.00 at the most recent close of the market. An investor can expect a potential return of 5.0% based on the average CIG price forecast.
Analyzing the CIG fundamentals
The Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] reported sales of 7.55B for trailing twelve months, representing a surge of 9.84%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.23 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.9700 points at the first support level, and at 1.9500 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0200, and for the 2nd resistance point, it is at 2.0500.
Ratios To Look Out For
It’s worth pointing out that Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG]’s Current Ratio is 1.15. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 5.12.
