Comp En De Mn Cemig – Consensus Indicates Potential 44.1% Upside

Broker Ratings

Comp En De Mn Cemig found using ticker (CIG) have now 2 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 2.59 with the average target price sitting at 2.94. With the stocks previous close at 2.04 this indicates there is a potential upside of 44.1%. The day 50 moving average is 2.07 and the 200 moving average now moves to 2.34. The market capitalisation for the company is $5,160m. Visit the company website at: https://www.cemig.com.br

The potential market cap would be $7,436m based on the market concensus.

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Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 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.

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