Analyst Ratings for Companhia Energetica de Minas Gerais-Cemig ADR (CIG)

Updated: 2017-07-29

Companhia Energetica de Minas Gerais-Cemig ADR (NYSE:CIG) was awarded an average rating of Overweight from investment analysts following the stock. Last month, CIG received an average rating of Overweight.

4 analysts declared CIG a buy, 0 gave an overweight rating, 7 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Several price targets were given for CIG by the analysts covering the stock. The maximum price target given was 3.8, implying a possible profit of 43.4 percent. The most pessimistic price target was 2.43, implying a possible loss of -8.3 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -8.33 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.14 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

The growth rate of CIG's earnings is estimated by analysts to be 46.38 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CIG is 0.35.

CIG has a 52-week high of 3.84 and a 52-week low of 2.06. Today's price is 28.64 percent above the 52-week low, and 30.99 percent lower than its 52-week high. CIG has a P/E ratio of 16.16. Investors typically compare the P/E ratio to a company's peers in the industry. The CIG value stock report compares CIG to some of its peers using value stock charts. The market cap of CIG is $3.4 billion. CIG's next earnings release will be on 0000-00-00, which is days away.