- Oops!Something went wrong.Please try again later.
As of late, it has definitely been a great time to be an investor in Petrobras PBR. The stock has moved higher by 20.4% in the past month, while it is also above its 20-day SMA too. This combination of strong price performance and favorable technical could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider PBR’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as PBR has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>
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
Petroleo Brasileiro S.A. Petrobras (PBR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research