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Comp En De Mn Cemig ADS American Depositary Receipts

CIG.CNYSE
Logo brought to you by Benzinga Data
$2.60
0.020.78%
At Close: -
$2.63
0.031.15%
After Hours: Sep 17, 7:16 AM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$2.90
Lowest Price Target1
$2.60
Consensus Price Target1
$2.75

Comp En De Mn Cemig ADS American Depositary Receipts (NYSE:CIG/C) Stock, Analyst Ratings, Price Targets, Forecasts

Comp En De Mn Cemig ADS American Depositary Receipts has a consensus price target of $2.75 based on the ratings of 2 analysts. The high is $2.9 issued by HSBC on November 1, 2023. The low is $2.6 issued by B of A Securities on November 24, 2023. The 2 most-recent analyst ratings were released by B of A Securities and HSBC on November 24, 2023 and November 1, 2023, respectively. With an average price target of $2.75 between B of A Securities and HSBC, there's an implied 4.56% upside for Comp En De Mn Cemig ADS American Depositary Receipts from these most-recent analyst ratings.

Analyst Rating and Forecast
12345
3.5
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

B of A Securities
HSBC

1calculated from analyst ratings

Analyst Ratings for Comp En De Mn Cemig ADS American Depositary Receipts

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C) stock?

A

The latest price target for Comp En De Mn Cemig ADS American Depositary Receipts (NYSE:CIG/C) was reported by B of A Securities on November 24, 2023. The analyst firm set a price target for $2.60 expecting CIG/C to fall to within 12 months (a possible -1.14% downside). 3 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C)?

A

The latest analyst rating for Comp En De Mn Cemig ADS American Depositary Receipts (NYSE:CIG/C) was provided by B of A Securities, and Comp En De Mn Cemig ADS American Depositary Receipts downgraded their neutral rating.

Q

When was the last upgrade for Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C)?

A

The last upgrade for Comp En De Mn Cemig ADS American Depositary Receipts happened on November 1, 2023 when HSBC raised their price target to $2.9. HSBC previously had a hold for Comp En De Mn Cemig ADS American Depositary Receipts.

Q

When was the last downgrade for Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C)?

A

The last downgrade for Comp En De Mn Cemig ADS American Depositary Receipts happened on November 24, 2023 when B of A Securities changed their price target from $3.2 to $2.6 for Comp En De Mn Cemig ADS American Depositary Receipts.

Q

When is the next analyst rating going to be posted or updated for Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Comp En De Mn Cemig ADS American Depositary Receipts, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Comp En De Mn Cemig ADS American Depositary Receipts was filed on November 24, 2023 so you should expect the next rating to be made available sometime around November 24, 2024.

Q

Is the Analyst Rating Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C) correct?

A

While ratings are subjective and will change, the latest Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C) rating was a downgraded with a price target of $3.20 to $2.60. The current price Comp En De Mn Cemig ADS American Depositary Receipts (CIG/C) is trading at is $2.63, which is out of the analyst’s predicted range.

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