Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by research analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a report issued on Tuesday, The Fly reports.

A number of other brokerages have also recently weighed in on SBS. BidaskClub raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. ValuEngine raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) traded down 2.76% on Tuesday, hitting $10.55. The company’s stock had a trading volume of 417,947 shares. The company has a market capitalization of $7.21 billion, a P/E ratio of 7.52 and a beta of 1.77. The company has a 50 day moving average price of $10.06 and a 200-day moving average price of $9.99. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $7.76 and a 1-year high of $11.33.

WARNING: “HSBC Holdings plc Lowers Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) to Hold” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/08/hsbc-holdings-plc-lowers-companhia-de-saneamento-basico-do-estado-de-sao-paulo-sabesp-nysesbs-to-hold.html.

Several large investors have recently modified their holdings of SBS. Greenleaf Trust bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $109,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,676 shares of the utilities provider’s stock worth $111,000 after buying an additional 600 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $111,000. James Investment Research Inc. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter worth approximately $124,000. Finally, Global X Management Co. LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% in the first quarter. Global X Management Co. LLC now owns 12,528 shares of the utilities provider’s stock worth $130,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 15.00% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

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