Companhia de Saneamento Basico Downgraded to “Sell” at Citigroup Inc. (SBS)
Companhia de Saneamento Basico (NYSE:SBS) was downgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on SBS. Analysts at Scotiabank downgraded shares of Companhia de Saneamento Basico from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 2nd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Companhia de Saneamento Basico in a research note on Monday, May 26th. They now have a $11.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research note on Friday, May 16th.
Companhia de Saneamento Basico (NYSE:SBS) remained flat at $10.82 during trading on Monday. 370,524 shares of the company’s stock traded hands. Companhia de Saneamento Basico has a one year low of $8.16 and a one year high of $11.50. The stock has a 50-day moving average of $10.38 and a 200-day moving average of $9.75. The company has a market cap of $7.396 billion and a price-to-earnings ratio of 8.64.
Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) is a Brazil-based company which provides basic and environmental sanitation services in the domestic market.
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