Analyst Expect Big Moves From Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG)

Currently, there are 1.90B common shares owned by the public and among those 1.90B shares have been available to trade.

The company’s stock has a 5-day price change of 0.00% and -9.95% over the past three months. CIG shares are trading 14.26% year to date (YTD), with the 12-month market performance up to 23.93% higher. It has a 12-month low price of $1.55 and touched a high of $2.15 over the same period. CIG has an average intraday trading volume of 2.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.44%, -2.81%, and 0.80% respectively.

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Institutional ownership of Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) shares accounts for 8.81% of the company’s 1.90B shares outstanding.

It has a market capitalization of $3.62B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 3.56, while the earnings-per-share (ttm) stands at $0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.37% over the week and 2.76% over the month.

Analysts forecast that Cia Energetica DE Minas Gerais – Cemig ADR (CIG) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0.05 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to decrease by -16.15%, and -31.08% over the next financial year. EPS should shrink at an annualized rate of 0.00% over the next five years, compared to 19.94% over the past 5-year period.

Goldman on their part issued Buy rating on November 14, 2019.

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