Companhia Energ (CIG) was a big mover last session, as the company saw its shares rise by 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 16.5% in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has 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 Energ currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the electric utilities sector include Korea Electric Power Corp. (KEP), NRG Yield, Inc. (NYLD) and American Electric Power Co., Inc. (AEP). While Korea Electric and NRG Yield sport a Zacks Rank #1 (Strong Buy), American Electric holds a Zacks Rank #2 (Buy).
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