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Companhia Energetica de Minas Gerais (CIG)

2.14   0.09 (4.39%) 07-01 16:00
Open: 2.07 Pre. Close: 2.05
High: 2.15 Low: 2.07
Volume: 2,624,215 Market Cap: 3,185M
Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric, and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km of transmission lines; and 335,421 km of distribution lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; 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 founded in 1952 and is headquartered in Belo Horizonte, Brazil.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.153 - 2.161 2.161 - 2.169
Low: 2.048 - 2.058 2.058 - 2.068
Close: 2.124 - 2.139 2.139 - 2.154

Technical analysis

as of: 2020-07-01 4:31:11 PM
Stoxline posted a STRONG BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 2.68     One year: 2.94
Support: Support1: 1.92    Support2: 1.60
Resistance: Resistance1: 2.29    Resistance2: 2.52
Pivot: 2.14
Moving Average: MA(5): 2.06     MA(20): 2.20
MA(100): 2.14     MA(250): 2.91
MACD: MACD(12,26): 0.03     Signal(9): 0.06
Stochastic oscillator: %K(14,3): 27.62     %D(3): 16.05
RSI: RSI(14): 52.95
52-week: High: 4.11  Low: 1.28  Change(%): -44.8
Average Vol(K): 3-Month: 457581  10-Days: 387237

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
CIG has closed below upper band by 48.9%. Bollinger Bands are 60.2% narrower than normal. The narrow width of the bands suggests low volatility as compared to CIG's normal range. The bands have been in this narrow range for 1 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Tue, 23 Jun 2020
Companhia Energetica de Minas Gerais (CIG): Worth A Small Bite At $2.15 - Stocks Register

Tue, 23 Jun 2020
INO, PEI among premarket gainers - Seeking Alpha

Mon, 22 Jun 2020
Companhia Energetica de Minas Gerais (NYSE:CIG) Has Recovered 43.61% So Far, But Another 81.06% Gain Cannot Be Ruled Out - Marketing Sentinel

Tue, 16 Jun 2020
Analysts Say You Should Buy Your Position in Companhia Energetica de Minas Gerais (NYSE:CIG) - Stocks Register

Mon, 15 Jun 2020
An in-depth look at the Companhia Energetica de Minas Gerais (CIG) stock - Marketing Sentinel

Thu, 11 Jun 2020
Comp En De Mn Cemig - Consensus Indicates Potential 11.1% Upside - DirectorsTalk Interviews

Financial Analysis

Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Click here to get more fundamental analysis.
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Stock Basics & Statistics

Exchange:  New York Stock Exchange
Sector:  Utilities
Industry:  UtilitiesDiversified
Shares Out. (M) 1,460
Shares Float (M) 1,120
% Held by Insiders 0.01
% Held by Institutions 14.13
Shares Short (K) 7,500
Shares Short P. Month (K) 8,960

Stock Financials

EPS 0.213
EPS Est This Year 0.210
EPS Est Next Year 0.310
Book Value (p.s.) 2.700
Profit Margin 8.90
Operating Margin
Return on Assets (ttm) 3.2
Return on Equity (ttm) 12.6
Qtrly Rev. Growth 2.5
Gross Profit (p.s.) 4.651
Sales Per Share
EBITDA (p.s.)
Qtrly Earnings Growth
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

PE Ratio 10.05
PEG Ratio
Price to Book value 0.79
Price to Sales
Price to Cash Flow

Stock Dividends

Dividend 0.130
Forward Dividend 0.180
Dividend Yield 0.06
Dividend Pay Date 2017-12-12
Ex-Dividend Date 2020-01-02
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