Comp En De Mn Cemig ADS (NYSE:CIG) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus target price of $3.20 for the company, according to Zacks. Zacks has also assigned Comp En De Mn Cemig ADS an industry rank of 82 out of 265 based on the ratings given to its competitors.

Several equities analysts recently commented on CIG shares. Zacks Investment Research raised shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. TheStreet raised shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research report on Wednesday, November 23rd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Comp En De Mn Cemig ADS from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 4th.

Shares of Comp En De Mn Cemig ADS (NYSE:CIG) traded down 2.4737% during trading on Friday, reaching $2.5942. 1,774,551 shares of the company’s stock traded hands. Comp En De Mn Cemig ADS has a one year low of $1.02 and a one year high of $3.08. The company has a 50 day moving average price of $2.24 and a 200-day moving average price of $2.57. The stock has a market cap of $3.26 billion, a P/E ratio of 11.1339 and a beta of 1.85.

Several institutional investors have recently made changes to their positions in CIG. Parametric Portfolio Associates LLC raised its position in shares of Comp En De Mn Cemig ADS by 31.2% in the second quarter. Parametric Portfolio Associates LLC now owns 11,003,391 shares of the company’s stock valued at $24,317,000 after buying an additional 2,614,207 shares during the last quarter. State Street Corp increased its position in shares of Comp En De Mn Cemig ADS by 7.1% in the second quarter. State Street Corp now owns 9,518,443 shares of the company’s stock valued at $21,036,000 after buying an additional 628,621 shares during the period. BlackRock Fund Advisors increased its position in shares of Comp En De Mn Cemig ADS by 16.1% in the third quarter. BlackRock Fund Advisors now owns 3,888,374 shares of the company’s stock valued at $10,071,000 after buying an additional 539,740 shares during the period. BlackRock Group LTD increased its position in shares of Comp En De Mn Cemig ADS by 8.4% in the second quarter. BlackRock Group LTD now owns 3,768,859 shares of the company’s stock valued at $8,330,000 after buying an additional 291,800 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Comp En De Mn Cemig ADS by 56.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,001,745 shares of the company’s stock valued at $4,424,000 after buying an additional 722,850 shares during the period. 2.98% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Analysts Set $3.20 Target Price for Comp En De Mn Cemig ADS (CIG)” was first published by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was stolen and reposted in violation of international copyright laws. The original version of this piece can be read at http://www.dailypolitical.com/2017/01/13/analysts-set-3-20-target-price-for-comp-en-de-mn-cemig-ads-cig.html.

About Comp En De Mn Cemig ADS

Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company mainly engaged in the generation, transmission and distribution of electricity. The Company operates through the segments: Generation, Transmission, Distribution, Telecom, Gas and Other. The Company generates electricity at approximately 78 hydroelectric plants, three thermoelectric plants and 23 wind farms.

5 Day Chart for NYSE:CIG

Get a free copy of the Zacks research report on Comp En De Mn Cemig ADS (CIG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Comp En De Mn Cemig ADS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comp En De Mn Cemig ADS and related companies with MarketBeat.com's FREE daily email newsletter.