Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also commented on SBS. Citigroup Inc. lowered 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. Zacks Investment Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday, May 19th. 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. Finally, HSBC Holdings plc lowered 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) traded up 1.36% during midday trading on Friday, reaching $10.44. The company had a trading volume of 239,433 shares. The stock’s 50 day moving average price is $10.33 and its 200-day moving average price is $10.03. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $7.76 and a one year high of $11.33. The firm has a market capitalization of $7.14 billion, a P/E ratio of 7.46 and a beta of 1.77.

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Several hedge funds and other institutional investors have recently made changes to their positions in SBS. Schroder Investment Management Group raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3,697.2% in the second quarter. Schroder Investment Management Group now owns 2,054,300 shares of the utilities provider’s stock worth $19,207,000 after buying an additional 2,000,200 shares during the last quarter. Morgan Stanley raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,643.2% in the first quarter. Morgan Stanley now owns 2,012,329 shares of the utilities provider’s stock worth $20,948,000 after buying an additional 1,896,888 shares during the last quarter. Causeway Capital Management LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth about $18,286,000. Russell Investments Group Ltd. raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 195.7% in the second quarter. Russell Investments Group Ltd. now owns 1,122,126 shares of the utilities provider’s stock worth $10,683,000 after buying an additional 742,694 shares during the last quarter. Finally, Impax Asset Management LTD raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 10.6% in the first quarter. Impax Asset Management LTD now owns 6,619,404 shares of the utilities provider’s stock worth $68,908,000 after buying an additional 635,474 shares during the last quarter. Hedge funds and other institutional investors own 15.00% of the company’s stock.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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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