Companhia Energética de Minas Gerais S.A. CIG was a big mover last session, as its shares rose almost 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 64.7% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Companhia Energética currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the electric utilities space is Black Hills Corporation BKH, which sports a Zacks Rank #1 (Strong Buy).
Is CIG going up? Or down? Predict to see what others think: Up or Down
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