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CEMIG - CIG Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $0.00
  • Forecasted Upside: -100.00%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$1.82 As of 12/23/2024 11:27 AM ET
▼ -0.075 (-3.97%)

This chart shows the closing price for CIG by one month, three months, or twelve months.

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Analyst Price Target for CIG

Analyst Price Target is $0.00
▼ -100.00% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for CEMIG in the last 3 months. The average price target is $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00. The average price target represents a -100.00% upside from the last price of $1.82.

This chart shows the closing price for CIG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 1 contributing investment analysts is to hold stock in CEMIG. This rating has held steady since October 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/2/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/28/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/26/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/23/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/31/2024ScotiabankInitiated CoverageSector Perform
11/24/2023Bank of AmericaDowngradeBuy ➝ Neutral$2.46 ➝ $2.00
11/1/2023HSBCUpgradeHold ➝ Buy$2.23
9/19/2023Bank of AmericaUpgradeNeutral ➝ Buy
8/30/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight
4/14/2023Morgan StanleyDowngradeOverweight ➝ Equal Weight
5/27/2021JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight
1/13/2021HSBCBoost TargetBuy$10.77 ➝ $13.08
8/21/2020JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral
(Data available from 12/23/2019 forward)

News Sentiment Rating

1.15 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/27/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/26/2024
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/26/2024
  • 3 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/25/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/24/2024
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/24/2024
  • 3 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/23/2024
  • 4 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/23/2024

Current Sentiment

  • 4 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

  • No positive mentions tracked during this time.

Very Positive

CEMIG logo
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.
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Today's Range

Now: $1.82
Low: $1.81
High: $1.86

50 Day Range

MA: $1.95
Low: $1.77
High: $2.08

52 Week Range

Now: $1.82
Low: $1.68
High: $2.19

Volume

454,050 shs

Average Volume

2,389,876 shs

Market Capitalization

$5.19 billion

P/E Ratio

3.39

Dividend Yield

9.37%

Beta

1.31

Frequently Asked Questions

What sell-side analysts currently cover shares of CEMIG?

The following Wall Street research analysts have issued stock ratings on CEMIG in the last twelve months: Scotiabank.
View the latest analyst ratings for CIG.

What is the current price target for CEMIG?

0 Wall Street analysts have set twelve-month price targets for CEMIG in the last year. has the lowest price target set, forecasting a price of $10,000,000.00 for CEMIG in the next year.
View the latest price targets for CIG.

What is the current consensus analyst rating for CEMIG?

CEMIG currently has 1 hold rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CIG, but not buy more shares or sell existing shares.
View the latest ratings for CIG.

What other companies compete with CEMIG?

Other companies that are similar to CEMIG include CenterPoint Energy, Fortis, NRG Energy, Entergy and Avangrid. Learn More about companies similar to CEMIG.

How do I contact CEMIG's investor relations team?

CEMIG's physical mailing address is AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019. The utilities provider's listed phone number is 55-31-3506-5024 and its investor relations email address is [email protected]. The official website for CEMIG is www.cemig.com.br. Learn More about contacing CEMIG investor relations.