Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Receives Average Recommendation of “Hold” from Analysts

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company.

Several equities research analysts have weighed in on SBS shares. UBS downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Zacks Investment Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. HSBC raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. ValuEngine raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Citigroup 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, August 14th.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) traded down $0.28 during midday trading on Friday, reaching $9.97. The company’s stock had a trading volume of 1,717,800 shares, compared to its average volume of 1,845,349. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $7.82 and a 12 month high of $11.33. The stock has a market cap of $7,135.84, a P/E ratio of 8.03 and a beta of 1.83.

Large investors have recently made changes to their positions in the company. Cohen & Steers Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 139.1% during the third quarter. Cohen & Steers Inc. now owns 582,372 shares of the utilities provider’s stock valued at $6,092,000 after purchasing an additional 338,844 shares during the last quarter. Lenox Wealth Management Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 34.7% during the third quarter. Lenox Wealth Management Inc. now owns 55,750 shares of the utilities provider’s stock valued at $583,000 after purchasing an additional 14,365 shares during the last quarter. Windacre Partnership LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 36.1% during the third quarter. Windacre Partnership LLC now owns 12,509,300 shares of the utilities provider’s stock valued at $130,847,000 after purchasing an additional 3,321,300 shares during the last quarter. King Street Capital Management L.P. bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the third quarter valued at approximately $31,380,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 11.9% during the third quarter. Envestnet Asset Management Inc. now owns 542,046 shares of the utilities provider’s stock valued at $5,669,000 after purchasing an additional 57,756 shares during the last quarter. 15.97% of the stock is owned by institutional investors and hedge funds.

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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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