Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Downgraded by UBS AG

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by UBS AG from a “buy” rating to a “neutral” rating in a report issued on Thursday, November 2nd, The Fly reports.

A number of other analysts also recently commented on SBS. ValuEngine downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. BidaskClub downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “sell” rating in a report on Friday, August 18th. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold”.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) traded down $0.15 on Thursday, reaching $8.94. The company’s stock had a trading volume of 2,998,800 shares, compared to its average volume of 1,820,799. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market cap of $6,213.11, a P/E ratio of 7.97 and a beta of 1.83. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $7.82 and a 52 week high of $11.33.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SBS. Alliancebernstein L.P. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 158,238 shares of the utilities provider’s stock valued at $1,647,000 after purchasing an additional 1,062 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 7.1% in the 1st quarter. Principal Financial Group Inc. now owns 329,209 shares of the utilities provider’s stock valued at $3,427,000 after purchasing an additional 21,871 shares in the last quarter. Vanguard Group Inc. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,915,627 shares of the utilities provider’s stock valued at $51,172,000 after purchasing an additional 201,366 shares in the last quarter. Geode Capital Management LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 307.5% in the 1st quarter. Geode Capital Management LLC now owns 116,450 shares of the utilities provider’s stock valued at $1,211,000 after purchasing an additional 87,871 shares in the last quarter. Finally, UBS Group AG boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 29.6% in the 1st quarter. UBS Group AG now owns 268,604 shares of the utilities provider’s stock valued at $2,796,000 after buying an additional 61,365 shares during the last quarter. Hedge funds and other institutional investors own 15.54% of the company’s stock.

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

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.

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