Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) from a buy rating to a hold rating in a research report report published on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Shares of NYSE SBS opened at $17.61 on Tuesday. The firm’s 50-day moving average price is $16.30 and its two-hundred day moving average price is $16.07. 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 stock has a market capitalization of $12.03 billion, a P/E ratio of 6.93 and a beta of 1.15. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

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

A number of large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.1% in the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider’s stock worth $89,337,000 after purchasing an additional 2,213,846 shares during the period. Citigroup Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% during the 3rd quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock worth $20,119,000 after acquiring an additional 1,192,198 shares during the last quarter. Alliancebernstein L.P. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3,464.7% during the 4th quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider’s stock worth $12,715,000 after acquiring an additional 862,376 shares during the last quarter. Northern Trust Corp lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 135.5% during the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock worth $19,734,000 after acquiring an additional 792,330 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 506.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 923,414 shares of the utilities provider’s stock worth $15,273,000 after acquiring an additional 771,128 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors.

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.