Companhia de Saneamento Basico (SBS) Given Average Rating of “Hold” by Analysts

Shares of Companhia de Saneamento Basico (NYSE:SBS) have earned a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company.

A number of research firms have issued reports on SBS. Zacks Investment Research upgraded shares of Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. upgraded shares of Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th. HSBC upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, UBS Group cut shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd.

Companhia de Saneamento Basico (NYSE:SBS) traded up $0.04 during mid-day trading on Wednesday, hitting $11.02. 837,100 shares of the company’s stock were exchanged, compared to its average volume of 1,382,921. Companhia de Saneamento Basico has a 12-month low of $8.15 and a 12-month high of $11.69. The stock has a market capitalization of $7,532.28, a PE ratio of 8.48 and a beta of 1.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.10 and a quick ratio of 1.07.

Several hedge funds have recently added to or reduced their stakes in SBS. Checchi Capital Advisers LLC purchased a new position in shares of Companhia de Saneamento Basico in the fourth quarter valued at about $106,000. BlueCrest Capital Management Ltd bought a new stake in shares of Companhia de Saneamento Basico during the 4th quarter valued at about $107,000. Lake Street Advisors Group LLC bought a new stake in shares of Companhia de Saneamento Basico during the 4th quarter valued at about $110,000. Tower Research Capital LLC TRC boosted its stake in shares of Companhia de Saneamento Basico by 538.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,850 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 9,150 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Companhia de Saneamento Basico during the 2nd quarter valued at about $117,000. Hedge funds and other institutional investors own 16.69% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Companhia de Saneamento Basico (SBS) Given Average Rating of “Hold” by Analysts” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/02/19/companhia-de-saneamento-basico-sbs-given-average-rating-of-hold-by-analysts.html.

About Companhia de Saneamento Basico

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)

Receive News & Ratings for Companhia de Saneamento Basico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Basico and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply