Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Stock Rating Lowered by HSBC Holdings plc

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by equities research analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, August 8th, MarketBeat reports.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, May 19th. Citigroup Inc. cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a report on Thursday, April 20th. Finally, ValuEngine raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) traded up 2.64% during mid-day trading on Tuesday, reaching $9.72. 1,504,220 shares of the company’s stock traded hands. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 7.01 and a beta of 1.77. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $7.76 and a one year high of $11.33. The firm’s 50-day moving average price is $10.42 and its 200 day moving average price is $10.01.

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A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% in the second quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock worth $100,000 after buying an additional 91 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% in the first quarter. Global X Management Co. LLC now owns 12,528 shares of the utilities provider’s stock worth $130,000 after buying an additional 237 shares during the last quarter. ETRADE Capital Management LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.6% in the second quarter. ETRADE Capital Management LLC now owns 17,462 shares of the utilities provider’s stock worth $166,000 after buying an additional 440 shares during the last quarter. World Asset Management Inc boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.2% in the first quarter. World Asset Management Inc now owns 42,516 shares of the utilities provider’s stock worth $443,000 after buying an additional 499 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% in the first quarter. Comerica Bank now owns 41,064 shares of the utilities provider’s stock worth $377,000 after buying an additional 565 shares during the last quarter. 15.17% of the stock is currently owned by 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.

Analyst Recommendations for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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