Comp En De Mn Cemig found using ticker (CIG) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 3.3 and 0.55 calculating the average target price we see 2.28. Given that the stocks previous close was at 3.07 this indicates there is a potential downside of -25.7%. There is a 50 day moving average of 2.87 and the 200 day MA is 2.52. The company has a market cap of $5,866m. You can visit the company’s website by visiting: https://www.cemig.com.br
The potential market cap would be $4,357m based on the market concensus.
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
