Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a hold rating to a buy rating in a research note published on Sunday morning.

A number of other brokerages also recently issued reports on SBS. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $5.04 on Friday. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 4.44 and a beta of 0.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.73 and a current ratio of 1.74. The stock has a 50 day moving average price of $5.57 and a 200-day moving average price of $77.66. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.18 and a one year high of $7.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at approximately $54,000. EverSource Wealth Advisors LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 1,666 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.