At the time of writing, Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock is trading at $1.90, up 2.70%. 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:
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.
For the past year, the stock price of Cia Energetica DE Minas Gerais – Cemig ADR fluctuated between $1.55 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 $1.90 at the most recent close of the market. An investor can expect a potential return of 10.53% based on the average CIG price forecast.
Analyzing the CIG fundamentals
According to Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG], the company’s sales were 7.48B for trailing twelve months, which represents an -5.21% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 1.8633 points at the first support level, and at 1.8267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9233, and for the 2nd resistance point, it is at 1.9467.
Ratios To Look Out For
It is important to note that Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] has a current ratio of 1.04. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 3.56.
