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

SBS has been the topic of a number of research reports. BidaskClub upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. HSBC Holdings plc downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a report on Monday, August 14th.

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Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) opened at 10.55 on Thursday. 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. The firm’s 50-day moving average is $10.49 and its 200 day moving average is $10.02. The stock has a market capitalization of $7.21 billion, a P/E ratio of 9.09 and a beta of 1.81.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% in the second quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 91 shares during the period. Global X Management Co. LLC boosted its position 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 valued at $130,000 after acquiring an additional 237 shares during the period. ETRADE Capital Management LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.6% in the second 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 period. Comerica Bank lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% in the first 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 period. Finally, Alliancebernstein L.P. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.7% in the first quarter. Alliancebernstein L.P. now owns 158,238 shares of the utilities provider’s stock worth $1,647,000 after purchasing an additional 1,062 shares during the period. 15.86% of the stock is 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)

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