Companhia de Saneamento Basico (SBS) Receives Consensus Rating of “Buy” from Brokerages

Shares of Companhia de Saneamento Basico (NYSE:SBS) have been given an average rating of “Buy” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

SBS has been the topic of several recent analyst reports. ValuEngine raised shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. HSBC raised shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Zacks Investment Research lowered shares of Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. raised shares of Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th.

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A number of hedge funds have recently modified their holdings of SBS. Windacre Partnership LLC increased its position in Companhia de Saneamento Basico by 36.1% during the third quarter. Windacre Partnership LLC now owns 12,509,300 shares of the utilities provider’s stock worth $130,847,000 after purchasing an additional 3,321,300 shares during the last quarter. King Street Capital Management L.P. acquired a new position in Companhia de Saneamento Basico during the third quarter worth approximately $31,380,000. Impax Asset Management LTD increased its position in Companhia de Saneamento Basico by 19.0% during the fourth quarter. Impax Asset Management LTD now owns 10,524,302 shares of the utilities provider’s stock worth $109,979,000 after purchasing an additional 1,679,559 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Companhia de Saneamento Basico during the fourth quarter worth approximately $12,411,000. Finally, Deutsche Bank AG increased its position in Companhia de Saneamento Basico by 41.2% during the fourth quarter. Deutsche Bank AG now owns 3,768,434 shares of the utilities provider’s stock worth $39,379,000 after purchasing an additional 1,100,182 shares during the last quarter. 16.14% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Basico (SBS) opened at $11.67 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.10. The stock has a market cap of $7,976.56, a P/E ratio of 8.98 and a beta of 1.74. Companhia de Saneamento Basico has a one year low of $8.15 and a one year high of $11.96.

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Companhia de Saneamento Basico 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 (NYSE:SBS)

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