Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

Several other brokerages also recently issued reports on SBS. BidaskClub downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded 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. HSBC Holdings plc downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine raised 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. Finally, Citigroup Inc. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock 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 (NYSE:SBS) opened at 9.51 on Wednesday. The company has a 50-day moving average price of $10.39 and a 200-day moving average price of $10.02. The stock has a market cap of $6.50 billion, a P/E ratio of 6.79 and a beta of 1.77. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $7.76 and a one year high of $11.33.

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Several large investors have recently modified their holdings of SBS. Aperio Group LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 21.9% in the first quarter. Aperio Group LLC now owns 362,801 shares of the utilities provider’s stock worth $2,394,000 after buying an additional 65,072 shares during the period. Acadian Asset Management LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $848,000. CoreCommodity Management LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 14.6% in the fourth quarter. CoreCommodity Management LLC now owns 290,196 shares of the utilities provider’s stock worth $1,335,000 after buying an additional 36,948 shares during the period. Windacre Partnership LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% in the fourth quarter. Windacre Partnership LLC now owns 8,644,000 shares of the utilities provider’s stock worth $39,762,000 after buying an additional 446,000 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 4.8% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,757,363 shares of the utilities provider’s stock worth $49,484,000 after buying an additional 495,100 shares during the period. 15.17% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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