Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company.

SBS has been the topic of a number of recent research reports. ValuEngine upgraded 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. BidaskClub upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Citigroup Inc. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, May 19th. Finally, Janney Montgomery Scott upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 16th.

ILLEGAL ACTIVITY WARNING: “Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Given Consensus Rating of “Hold” by Brokerages” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/companhia-de-saneamento-basico-do-estado-de-sao-paulo-sabesp-sbs-given-consensus-rating-of-hold-by-brokerages/1528370.html.

Several hedge funds have recently modified their holdings of SBS. Sei Investments Co. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 96.8% in the first quarter. Sei Investments Co. now owns 187,833 shares of the utilities provider’s stock worth $1,955,000 after buying an additional 92,374 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.0% in the second quarter. Eqis Capital Management Inc. now owns 35,795 shares of the utilities provider’s stock worth $341,000 after buying an additional 6,453 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 19.1% in the first quarter. Lazard Asset Management LLC now owns 441,282 shares of the utilities provider’s stock worth $4,593,000 after buying an additional 70,715 shares in the last quarter. Brookfield Asset Management Inc. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% in the first quarter. Brookfield Asset Management Inc. now owns 4,402,020 shares of the utilities provider’s stock worth $45,825,000 after buying an additional 61,420 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,176,144 shares of the utilities provider’s stock worth $12,244,000 after buying an additional 59,507 shares in the last quarter. Hedge funds and other institutional investors own 15.86% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) traded down 0.31% during midday trading on Wednesday, hitting $9.80. The stock had a trading volume of 791,343 shares. The firm has a 50 day moving average of $10.42 and a 200 day moving average of $10.00. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $7.76 and a 52 week high of $11.33. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 8.37 and a beta of 1.77.

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.

Analyst Recommendations for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Receive News & Ratings for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp and related companies with Analyst Ratings Network's FREE daily email newsletter.