Brokers Opinions on: Companhia Energetica de Minas Gerais SA (CIG)

Author

18 July, 2017

Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Morgan Stanley upgraded Comp En De Mn Cemig ADS from an "underweight" rating to an "overweight" rating in a research note on Thursday, June 22nd. Comp En De Mn Cemig ADS earned a media sentiment score of 0.31 on Accern's scale.

TRADEMARK VIOLATION NOTICE: "Comp En De Mn Cemig ADS (NYSE:CIG) Receives Consensus Recommendation of "Hold" from Brokerages" was originally reported by Stock Observer and is owned by of Stock Observer.

In the last reported quarter, Comp En De Mn Cemig Ads reported its Actual EPS (earnings per share) of $0.07/share where most of the analysts working on this stock were estimating the EPS to be $0.07/share.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $2.93 on the stock, this valuation is based on 3 number of opinions. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and global copyright & trademark legislation. Capstone Asset Management Co. raised its stake in Comp En De Mn Cemig ADS by 0.8% in the first quarter.

Let's have a look at some of the important valuation ratios of the Comp En De Mn Cemig ADS (CIG). Bank of Montreal Can now owns 557,274 shares of the utilities provider's stock valued at $1,833,000 after buying an additional 547,932 shares in the last quarter.

11/04/2013 - Comp En De Mn Cemig ADS was downgraded to " by analysts at TheStreet. (NASDAQ:FSC) high level. Roughly 13.92 million shares changed hands compared to the three-month volume average 0.93 million shares.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 1.05% and has a pretty decent Year to Date (YTD) Performance of 18.42% which means the stock is constantly adding to its value from previous fiscal year end price.

Comp En De Mn Cemig Ads (NYSE:CIG) has grabbed attention from the analysts, when it saw a value decrease of -0.74% or -0.02 points in the last trading session to close at $2.7.

The stock has Return on Assets (ROA) of 1.6 percent.

Companhia Energetica de Minas Gerais-CEMIG is a holding firm that is engaged in the generation, transmission and distribution of electricity. The Average True Range, a measure of volatility is at 0.09, however its weekly and monthly volatility is 3.58%, 3.59% respectively. The Company's divisions include Generation, Transmission, Distribution, Telecom, Gas and Other. The market capitalization of the company is at $3.46 Billion. The Company, through its interests in subsidiaries or jointly controlled entities, is involved in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the objective of commercial operation.


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