Companhia de Saneamento Basico (SBS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Companhia de Saneamento Basico (NYSE:SBS) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company.

A number of research analysts recently issued reports on the stock. Scotiabank upgraded shares of Companhia de Saneamento Basico from an “underperform” rating to a “sector perform” rating in a report on Monday, October 9th. Zacks Investment Research lowered shares of Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. JPMorgan Chase & Co. upgraded shares of Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a report on Monday, November 27th. HSBC upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, UBS Group lowered shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its holdings in Companhia de Saneamento Basico by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock valued at $100,000 after buying an additional 91 shares during the last quarter. ETRADE Capital Management LLC raised its holdings in Companhia de Saneamento Basico 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. Eqis Capital Management Inc. raised its holdings in Companhia de Saneamento Basico by 13.6% during the 3rd quarter. Eqis Capital Management Inc. now owns 40,670 shares of the utilities provider’s stock worth $425,000 after purchasing an additional 4,875 shares during the last quarter. Nwam LLC raised its holdings in Companhia de Saneamento Basico by 11.9% during the 3rd quarter. Nwam LLC now owns 60,085 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 6,400 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Companhia de Saneamento Basico by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 488,580 shares of the utilities provider’s stock worth $5,111,000 after purchasing an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 15.97% of the company’s stock.

Companhia de Saneamento Basico (NYSE SBS) traded up $0.13 during mid-day trading on Friday, hitting $11.03. 1,179,728 shares of the stock were exchanged, compared to its average volume of 806,486. The company has a market capitalization of $7,450.26, a PE ratio of 8.48 and a beta of 1.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.10 and a quick ratio of 1.07. Companhia de Saneamento Basico has a 52-week low of $8.15 and a 52-week high of $11.33.

Companhia de Saneamento Basico (NYSE:SBS) last posted its earnings results on Tuesday, November 14th. The utilities provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.16. Companhia de Saneamento Basico had a net margin of 19.70% and a return on equity of 17.82%. sell-side analysts forecast that Companhia de Saneamento Basico will post 1.12 EPS for the current fiscal year.

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Companhia de Saneamento Basico 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 (NYSE:SBS)

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