Companhia Energetica de Minas Gerais (CIG - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.60 to $1.81 in the past one-month time frame.
The company has not seen any estimate revision over the past month, while the Zacks Consensus Estimate hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Companhia Energetica currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Utility - Electric Power industry may consider a better-ranked stock like Atlantic Power Corporation (AT - Free Report) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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