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

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

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

NYSE:SBS opened at $16.54 on Thursday. The company has a market capitalization of $11.30 billion, a P/E ratio of 6.51 and a beta of 1.14. The stock’s 50 day moving average price is $15.08 and its 200 day moving average price is $16.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amundi raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% during the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock valued at $96,732,000 after buying an additional 426,669 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock valued at $26,103,000 after acquiring an additional 113,147 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider’s stock valued at $24,923,000 after acquiring an additional 389,063 shares in the last quarter. Citigroup Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% in the 3rd quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock worth $20,119,000 after purchasing an additional 1,192,198 shares during the last quarter. Finally, Quilter Plc boosted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% during the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock worth $14,971,000 after purchasing an additional 43,436 shares during the period. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

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.