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

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.6 %

Shares of SBS opened at $17.90 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 7.05 and a beta of 1.15. The company has a 50-day moving average of $16.94 and a 200 day moving average of $16.15. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $13.10 and a 1-year high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.43. The firm had revenue of $981.20 million during the quarter, compared to the consensus estimate of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%. On average, research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current year.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Several institutional investors and hedge funds have recently made changes to their positions in SBS. SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at about $26,000. J.Safra Asset Management Corp bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $54,000. R Squared Ltd purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $66,000. Signaturefd LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after buying an additional 1,917 shares in the last quarter. Finally, Anchor Pointe Wealth Management LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $144,000. 10.62% of the stock is currently 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.