Comp En De Mn Cemig with ticker code (CIG) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 3 and 0.54 and has a mean target at 2.15. With the stocks previous close at 3.14 this is indicating there is a potential downside of -31.5%. The 50 day moving average now sits at 2.58 while the 200 day moving average is 2.45. The market cap for the company is $5,794m. Company Website: https://www.cemig.com.br
The potential market cap would be $3,967m 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.
