A share price of Cia Energetica DE Minas Gerais – Cemig ADR [CIG] is currently trading at $2.07, up 5.61%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIG shares have gain 4.55% over the last week, with a monthly amount glided 6.15%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities downgraded its rating to Neutral on November 24, 2023. On November 01, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $2.90 on the stock. BofA Securities upgraded its rating to a Buy. Goldman initiated its recommendation with a Buy. JP Morgan upgraded its rating to Overweight for this stock on April 10, 2019. In a note dated January 16, 2019, Citigroup downgraded an Sell rating on this stock.
Cia Energetica DE Minas Gerais – Cemig ADR experienced fluctuations in its stock price throughout the past year between $1.44 and $2.15. 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 $2.07 at the most recent close of the market. An investor can expect a potential return of 1.45% based on the average CIG price forecast.
Analyzing the CIG fundamentals
Trailing Twelve Months sales for Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] were 7.58B which represents 1.61% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.24 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 2.0000 points at the first support level, and at 1.9300 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1300, and for the 2nd resistance point, it is at 2.2000.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] is 0.96. As well, the Quick Ratio is 0.96, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 4.97.
