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Comp En De Mn Cemig Ads (CIG) [hlAlert]

up 9.94 %

Comp En De Mn Cemig Ads (CIG) upgraded to Buy with price target $21 by Standpoint Research

Posted on: Tuesday,  Sep 6, 2011  11:25 AM ET by Standpoint Research

Standpoint Research rated Buy Comp En De Mn Cemig Ads (NYSE: CIG) on 09/06/2011, when the stock price was $11.45. Since then, Comp
En De Mn Cemig Ads has gained 9.95% of its value until Standpoint Research rated CIG Hold on 01/23/2012, when the price was $12.59.
If you would have followed this Standpoint Research's recommendation on CIG, you would have gained 9.94% of your investment in 139 days.

Companhia Energetica de Minas Gerais (CEMIG) is a Brazil-based company involved in the energy sector. It is mainly engaged in the generation, transmission and distribution of electric energy for industrial, residential, commercial and rural consumption. The Company is also engaged in other businesses, such as natural gas distribution in Minas Gerais through Companhia de Gas de Minas Gerais (Gasmig); telecommunications through Empresa de Infovias SA, which provides fiber-optics and coaxial cable network installed along its transmission and distribution lines; national and international consulting business through Efficientia SA, which provides energy solutions for the implementation and management of systems for electricity sector, among others. In 2009, the Company is due to start operating abroad, through its subsidiary Transchile Charrua Transmision SA, in the Chilean unit LT Charrua ? Nueva Temuco.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2013 10:25 AM Buy
as of 12/30/2011
1 Week down  -1.33 %
1 Month up  1.36 %
3 Months up  19.87 %
1 YTD up  15.12 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/30/2012 3:25 PM Buy
1/23/2012 12:25 PM Hold
12.59 14.08
9/6/2011 11:25 AM Buy
11.45 13.44
3/30/2011 11:25 AM Hold
2/5/2010 2:25 PM Buy
12/3/2009 2:25 PM Hold
12/15/2008 8:25 AM Buy
9.15 16.00

(*) Stock Price at the time of the recommendation.
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