Do analysts agree Wednesday on the target price of Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (CIG) stock?

Wall Street is neutral on Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (CIG). On average, analysts give Companhia Energetica Minas Gerais ADR Repstg One Pref Shs a Hold rating. The average price target is $2.9, which means analysts expect the stock to climb 20.83% over the next twelve months. This average ranking earns Companhia Energetica Minas Gerais ADR Repstg One Pref Shs an analyst rating of 4, which is better than 4% of the stock based on data compiled by InvestorsObserver.

Wall Street analysts rate CIG a Hold today. Find out what this means for you and get the rest of the rankings on CIG!

Why are analyst ratings important?

Analytical research by professionals can be extremely helpful when making stock market investment decisions. Analysts are able to observe industries in detail and learn how geographic impacts can affect a company’s bottom line. This information allows investors to make decisions ahead of the curve.

InvestorsObserver combines the ratings of these analysts and ranks them into percentiles. This gives you the ability to compare stocks in a comprehensive fashion as opposed to a standard buy/hold/sell valuation.

What’s going on with Companhia Energetica Minas Gerais ADR Repstg One Pref Shs Stock today?

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs (CIG) stock is trading at $2.40 at 10:18 a.m. on Wednesday, January 19, up $0.10, or 4.11% from the stock price. previous close of $2.31. The stock has traded between $2.38 and $2.42 so far today. Today the volume is low. So far, 1,128,393 shares have been traded with an average volume of 7,331,163 shares. Click here for the full share report of Companhia Energetica Minas Gerais ADR Repstg One Pref Shs.

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