Are Things Looking Up For Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted CEMIG FILES 20-F FORM.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Diversified industry segment. At the end of the last regular session, the stock closed at $2.27 and fluctuated between $2.2900 as its day high and $2.2700 as its day low. The current market capitalization of Cia Energetica DE Minas Gerais – Cemig ADR is $3.32B. A total of 1.4 million shares were traded on the day, compared to an average of 3.24M shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Cia Energetica DE Minas Gerais – Cemig ADR pays an annual dividend of $0.19, resulting in a dividend yield of 8.48%, and it has a price to earnings (P/E) ratio of 4.80.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CIG in the last 3 months, the mean price target is $2.03 with high estimates of $2.03 and low estimates of $2.03. In terms of 52-week highs and lows, CIG has a high of $2.61 and a low of $1.76.

As of this writing, CIG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CIG’s latest balance sheet shows that the firm has $4.05B in Cash & Short Term Investments as of fiscal 2021. There were $11.61B in debt and $10.69B in liabilities at the time. Its Book Value Per Share was $2.05, while its Total Shareholder’s Equity was $19.46B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIG is Buy with a score of 4.00.

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