Cemig Files 2024 Form 20-F
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
0mins
Source: PRnewswire
CEMIG Files Annual Report: Companhia Energética de Minas Gerais (CEMIG) has submitted its Form 20-F for the fiscal year 2024 to the U.S. Securities and Exchange Commission on April 30, 2025.
Access to Financial Information: The 2024 Form 20-F is available for public access on both the SEC's website and CEMIG's Investor Relations website.
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Analyst Views on CIG
Wall Street analysts forecast CIG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIG is 1.90 USD with a low forecast of 1.90 USD and a high forecast of 1.90 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 2.180
Low
1.90
Averages
1.90
High
1.90
Current: 2.180
Low
1.90
Averages
1.90
High
1.90
No data
About CIG
Energy of Minas Gerais Co is a Brazil-based holding company. The Company operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Minas Gerais. The main operational segment is distribution of electrical energy, followed by electric energy commercialization, gas distribution, electric energy generation, and electric energy transmission. Constituted to operate in the commercialization of electric power and as holding company, with interests in subsidiaries or jointly controlled entities, whose objectives are: construction and operation of systems for generation, transformation, transmission, distribution and sale of energy, and also activities in the various fields of energy sector, including gas distribution, provision of distributed generation services and energy efficiency solutions, for the purpose of commercial operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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