Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock is trading at $1.88, up 2.17%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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.
Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock has fluctuated 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 $1.88 at the most recent close of the market. An investor can expect a potential return of 11.7% based on the average CIG price forecast.
Analyzing the CIG fundamentals
Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] reported sales of 7.55B for the trailing twelve months, which represents a growth 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 1.8600 points at the first support level, and at 1.8400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9000, and for the 2nd resistance point, it is at 1.9200.
Ratios To Look Out For
For context, Cia Energetica DE Minas Gerais – Cemig ADR’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 0.47, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 4.81.
