Companhia de Saneamento Basico (NYSE:SBS) shares hit a new 52-week low on Tuesday . The stock traded as low as $5.71 and last traded at $5.82, with a volume of 52375 shares. The stock had previously closed at $5.81.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 17th. ValuEngine downgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a report on Friday, May 11th. Goldman Sachs Group downgraded shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a report on Friday, May 18th. Scotiabank raised shares of Companhia de Saneamento Basico from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 15th. Finally, Citigroup raised shares of Companhia de Saneamento Basico from a “sell” rating to a “neutral” rating in a report on Monday, May 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.

The company has a market capitalization of $4.11 billion, a P/E ratio of 4.97 and a beta of 1.64. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59.

Companhia de Saneamento Basico (NYSE:SBS) last announced its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.17). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Companhia de Saneamento Basico had a return on equity of 12.76% and a net margin of 15.55%. analysts expect that Companhia de Saneamento Basico will post 0.82 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in Companhia de Saneamento Basico by 33.1% in the 2nd quarter. Bank of Montreal Can now owns 186,210 shares of the utilities provider’s stock worth $1,119,000 after purchasing an additional 46,354 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Companhia de Saneamento Basico in the 2nd quarter worth $611,000. Segall Bryant & Hamill LLC purchased a new stake in Companhia de Saneamento Basico in the 2nd quarter worth $174,000. Trexquant Investment LP purchased a new stake in Companhia de Saneamento Basico in the 2nd quarter worth $693,000. Finally, Letko Brosseau & Associates Inc. lifted its stake in Companhia de Saneamento Basico by 12.8% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 3,766,161 shares of the utilities provider’s stock worth $22,635,000 after purchasing an additional 428,400 shares in the last quarter. Institutional investors and hedge funds own 13.79% of the company’s stock.

About Companhia de Saneamento Basico (NYSE:SBS)

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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