Zacks Research Upgrades Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) to Strong-Buy

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.1%

NYSE:SBS traded up $0.04 during trading hours on Wednesday, reaching $27.51. 562,698 shares of the company were exchanged, compared to its average volume of 1,335,336. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 5.58 and a beta of 0.78. The stock has a 50 day simple moving average of $27.11 and a 200 day simple moving average of $25.37. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $16.52 and a 52-week high of $30.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after acquiring an additional 1,116,681 shares in the last quarter. Manning & Napier Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after purchasing an additional 2,522,231 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock worth $52,072,000 after purchasing an additional 48,214 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock valued at $49,966,000 after purchasing an additional 48,587 shares during the period. Finally, American Century Companies Inc. grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% during the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock valued at $44,126,000 after purchasing an additional 728,383 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

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.