(CIG) Companhia Energetica de - Ratings and Ratios

Companhia Energética de Minas Gerais - CEMIG is a leading Brazilian energy company that operates a diverse portfolio of power generation assets, including hydroelectric, wind, and photovoltaic facilities, with a total capacity of 5,190 MW. The company is also a major player in the transmission and distribution of energy, with an extensive network of over 344,006 miles of distribution lines and 4,653 miles of transmission lines.

In addition to its core energy business, CEMIG is involved in various related activities, such as gas distribution, energy trading, and energy efficiency services. The companys diversified revenue streams and strong presence in the Brazilian energy market make it an attractive investment opportunity.

Analyzing the technical data, we can see that CIGs stock price is currently at $1.84, with a relatively stable trend indicated by its SMA20 at $1.85. The stocks ATR of 0.05 (2.84%) suggests moderate volatility. Given the current P/E ratio of 4.38 and P/E Forward of 9.35, the stock appears to be undervalued, presenting a potential buying opportunity. With a Market Cap of $6.285 billion USD and an RoE of 25.43%, CEMIG demonstrates a strong financial position.

Based on the available data, a forecast for CIGs stock price could be constructed by analyzing the trends and ratios. Considering the companys strong financials, diversified revenue streams, and the current undervaluation, a potential price target could be around $2.10-$2.20 in the next 6-12 months, representing a 14-20% upside from the current price. However, this forecast is subject to various market and economic risks, including fluctuations in energy demand, regulatory changes, and macroeconomic conditions in Brazil.

To further validate this forecast, it is essential to monitor CEMIGs future earnings reports, dividend payments, and any significant developments in the Brazilian energy sector. A thorough analysis of these factors will help refine the forecast and provide a more accurate prediction of the stocks future performance.