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

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 2.2 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.54 on Thursday. 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. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a market capitalization of $11.30 billion, a PE ratio of 6.51 and a beta of 1.14. The business’s 50-day simple moving average is $15.08 and its 200-day simple moving average is $16.07.

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

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $26,000. Allspring Global Investments Holdings LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth about $45,000. J.Safra Asset Management Corp acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at about $54,000. Advisors Asset Management Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after buying an additional 911 shares during the period. Finally, R Squared Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth about $66,000. 10.62% of the stock is owned by institutional investors.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.