Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Comp En De Mn Cemig ADS (CIG) Share Price
Media stories about Comp En De Mn Cemig ADS (NYSE:CIG) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comp En De Mn Cemig ADS earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 43.802232313213 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities research analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) raised Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and raised their price target for the stock from $2.10 to $2.80 in a research report on Friday, July 14th. BidaskClub lowered Comp En De Mn Cemig ADS from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $2.80.
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Comp En De Mn Cemig ADS Company Profile
Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.
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