Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Raised to Buy at StockNews.com

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 0.6 %

SBS stock traded up $0.10 during mid-day trading on Tuesday, reaching $17.96. 1,343,111 shares of the stock traded hands, compared to its average volume of 1,036,535. The stock’s fifty day moving average is $16.89 and its 200-day moving average is $16.13. The company has a market cap of $12.28 billion, a P/E ratio of 7.07 and a beta of 1.15. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.43. The firm had revenue of $981.20 million during the quarter, compared to analyst estimates of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%. As a group, sell-side analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current year.

Institutional Investors Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of institutional investors have recently bought and sold shares of SBS. SBI Securities Co. Ltd. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at approximately $54,000. R Squared Ltd acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at approximately $66,000. Signaturefd LLC lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after buying an additional 1,917 shares in the last quarter. Finally, Anchor Pointe Wealth Management LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $144,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.