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Basic Sanitation Company of the State of Sao Paulo – SABESP (NYSE:SBS) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Monday, AnalystRatings.Net reports.

The analysts wrote, “Companhia De Saneamento Basico Do Estado De (SBS) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.”

SBS has been the subject of a number of other recent research reports. Analysts at UBS AG downgraded shares of Basic Sanitation Company of the State of Sao Paulo – SABESP from a “neutral” rating to a “sell” rating in a research note on Thursday, March 20th. Analysts at Zacks upgraded shares of Basic Sanitation Company of the State of Sao Paulo – SABESP from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 6th. They now have a $11.00 price target on the stock.

Shares of Basic Sanitation Company of the State of Sao Paulo – SABESP (NYSE:SBS) traded down 0.10% on Monday, hitting $9.83. The stock had a trading volume of 1,031,753 shares. Basic Sanitation Company of the State of Sao Paulo – SABESP has a one year low of $8.16 and a one year high of $16.08. The stock has a 50-day moving average of $9.05 and a 200-day moving average of $10.01. The company has a market cap of $6.719 billion and a P/E ratio of 7.12.

Basic Sanitation Company of the State of Sao Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings data on Tuesday, April 1st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.86. On average, analysts predict that Basic Sanitation Company of the State of Sao Paulo – SABESP will post $1.25 earnings per share for the current fiscal year.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company, majority-owned by the State of Sao Paulo.

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