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Companhia Energetica (CIG) In Focus: Stock Moves 6.4% Higher

Published 06/23/2017, 08:34 AM
Updated 07/09/2023, 06:31 AM
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Companhia Energetica de Minas Gerais (NYSE:CIG) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $2.19 to $2.35 in the past one-month time frame, showed a sharp increase yesterday.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter 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%.

A better-ranked stock in the Utility - Electric Power industry is RWE Aktiengesellschaft (OTC:RWEOY) , which currently sports 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

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Comp En De Mn Cemig ADS (CIG): Free Stock Analysis Report

RWE AG (DE:RWEG) (RWEOY): Free Stock Analysis Report

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