Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Raised to Sector Perform at Scotiabank

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was upgraded by equities research analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Monday, October 9th, The Fly reports.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. ValuEngine downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. BidaskClub raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. HSBC Holdings plc cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Janney Montgomery Scott raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) opened at 9.63 on Monday. The firm has a 50 day moving average of $10.50 and a 200-day moving average of $10.00. The stock has a market cap of $6.58 billion, a PE ratio of 8.29 and a beta of 1.81. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $7.76 and a 52-week high of $11.33.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 13.6% in the third quarter. Eqis Capital Management Inc. now owns 40,670 shares of the utilities provider’s stock worth $425,000 after purchasing an additional 4,875 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 40.7% in the second quarter. Brookfield Asset Management Inc. now owns 6,193,655 shares of the utilities provider’s stock worth $58,964,000 after purchasing an additional 1,791,635 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $12,385,000. USA Financial Portformulas Corp purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $744,000. Finally, State Street Corp increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.6% in the second quarter. State Street Corp now owns 1,470,063 shares of the utilities provider’s stock worth $13,993,000 after purchasing an additional 36,682 shares in the last quarter. 15.86% of the stock is owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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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