U.S. Markets closed

Companhia Energetica (CIG) in Focus: Stock Moves 6.5% Higher

Zacks Equity Research
1 / 2

Here's Why You Should Buy Ingersoll-Rand (IR) Stock Now

Ingersoll-Rand (IR) grows on the back of stellar sales, greater operational efficacy, pricing actions and strategic acquisitions.

Companhia Energetica de Minas Gerais CIG 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%.

Comp En De Mn Cemig ADS Price

Comp En De Mn Cemig ADS Price | Comp En De Mn Cemig ADS Quote

Investors interested in the Utility - Electric Power industry may consider a better-ranked stock like Atlantic Power Corporation AT, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CIG going up? Or down? Predict to see what others think:Up or Down

5 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.

Click to see them right now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Atlantic Power Corporation (AT) : Free Stock Analysis Report
 
Comp En De Mn Cemig ADS (CIG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research