At the time of writing, Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock is trading at $1.62, down -1.82%. 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 lost -5.81% over the last week, with a monthly amount drifted -12.69%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] stock has seen the most recent analyst activity on April 01, 2025, when BofA Securities downgraded its rating to a Underperform. Previously, HSBC Securities downgraded its rating to Hold on January 10, 2025. On October 31, 2024, Scotiabank initiated with a Sector Perform rating. BofA Securities downgraded its rating to a Neutral. HSBC Securities upgraded its rating to a Buy but $2.90 remained the price target by the analyst firm on November 01, 2023. BofA Securities upgraded its rating to Buy for this stock on September 20, 2023. In a note dated November 14, 2019, Goldman initiated an Buy rating.
For the past year, the stock price of Cia Energetica DE Minas Gerais – Cemig ADR fluctuated between $1.60 and $2.07. 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 $1.62 at the most recent close of the market. An investor can expect a potential return of 29.63% 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 7.38B for trailing twelve months, which represents an -4.70% plunge. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.31 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 1.5933 points at the first support level, and at 1.5667 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6733, and for the 2nd resistance point, it is at 1.7267.
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 0.86. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 0.70 and price to earnings (TTM) ratio is 3.51.
