Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company.

A number of brokerages have recently issued reports on SBS. ValuEngine downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. HSBC Holdings plc downgraded 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, August 8th. Finally, Citigroup Inc. downgraded 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 Monday, August 14th.

ILLEGAL ACTIVITY NOTICE: “Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Receives Consensus Rating of “Hold” from Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/09/17/companhia-de-saneamento-basico-do-estado-de-sao-paulo-sabesp-sbs-receives-consensus-rating-of-hold-from-analysts.html.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) opened at 10.77 on Friday. The stock has a market cap of $7.36 billion, a PE ratio of 9.23 and a beta of 1.78. The stock’s 50 day moving average is $10.34 and its 200-day moving average is $9.98. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $7.76 and a 12-month high of $11.33.

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 91 shares during the last quarter. Global X Management Co. LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% during the 1st quarter. Global X Management Co. LLC now owns 12,528 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 237 shares during the last quarter. ETRADE Capital Management LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 17,462 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 440 shares during the last quarter. World Asset Management Inc grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.2% during the 1st quarter. World Asset Management Inc now owns 42,516 shares of the utilities provider’s stock worth $443,000 after purchasing an additional 499 shares during the last quarter. Finally, Comerica Bank grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% during the 1st quarter. Comerica Bank now owns 41,064 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 565 shares during the last quarter. 15.87% 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.

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

Receive News & Ratings for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp and related companies with MarketBeat.com's FREE daily email newsletter.