BidaskClub downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a strong-buy rating to a buy rating in a research report released on Thursday.

Several other equities research analysts also recently commented on the stock. ValuEngine upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a buy rating to a hold rating in a research note on Tuesday, July 18th. 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 note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $12.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) traded down 1.10% on Thursday, reaching $10.75. 763,550 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $9.97 and a 200 day moving average of $9.96. The stock has a market capitalization of $7.35 billion, a PE ratio of 7.67 and a beta of 1.75. 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.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Greenleaf Trust bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at about $109,000. Koch Industries Inc. bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at about $111,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,676 shares of the utilities provider’s stock valued at $111,000 after buying an additional 600 shares during the period. Global X Management Co. LLC increased 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 buying an additional 237 shares during the period. Finally, James Investment Research Inc. bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at about $124,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

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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