ValuEngine Lowers Companhia de Saneamento Basico (SBS) to Strong Sell

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Companhia de Saneamento Basico (NYSE:SBS) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

Several other equities analysts have also recently issued reports on the company. UBS Group upgraded Companhia de Saneamento Basico from a “neutral” rating to an “outperform” rating in a research report on Monday, October 29th. Zacks Investment Research upgraded Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.

SBS opened at $7.14 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 1.22. Companhia de Saneamento Basico has a one year low of $5.58 and a one year high of $11.96. The stock has a market cap of $5.15 billion, a PE ratio of 7.25 and a beta of 0.97.

Companhia de Saneamento Basico (NYSE:SBS) last posted its earnings results on Thursday, August 9th. The utilities provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.17). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Companhia de Saneamento Basico had a return on equity of 13.02% and a net margin of 15.55%. As a group, equities research analysts anticipate that Companhia de Saneamento Basico will post 0.82 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. increased its position in Companhia de Saneamento Basico by 26.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 51,993 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 10,770 shares during the period. Millennium Management LLC increased its position in Companhia de Saneamento Basico by 120.9% during the 2nd quarter. Millennium Management LLC now owns 770,504 shares of the utilities provider’s stock worth $4,631,000 after purchasing an additional 421,638 shares during the period. Bank of Montreal Can increased its position in Companhia de Saneamento Basico by 33.1% during 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 during the period. First Trust Advisors LP increased its position in Companhia de Saneamento Basico by 2.5% during the 2nd quarter. First Trust Advisors LP now owns 536,810 shares of the utilities provider’s stock worth $3,226,000 after purchasing an additional 13,203 shares during the period. Finally, NumerixS Investment Technologies Inc increased its position in Companhia de Saneamento Basico by 350.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 62,100 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 48,300 shares during the period. Hedge funds and other institutional investors own 13.88% of the company’s stock.

About Companhia de Saneamento Basico

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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Analyst Recommendations for Companhia de Saneamento Basico (NYSE:SBS)

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