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.

A number of analysts gave price targets for CIG. The highest price target 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. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised downwards by -8.33 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -7.14 percent in FY estimates.

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 revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CIG to grow at a rate of 46.38 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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. CIG has a PEG ratio of 0.35.

In the last 52-weeks, CIG has achieved a high of 3.84 and a low of 2.06. Currently the stock is 28.64 percent higher than its low, and 30.99 percent below the high. CIG has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.