Investment Analysts’ Weekly Ratings Updates for Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS)

Several brokerages have updated their recommendations and price targets on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE: SBS) in the last few weeks:

  • 8/8/2017 – Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/27/2017 – Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/25/2017 – Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/18/2017 – Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last six months, SABESP's American Depository Receipts (ADR) has outperformed the Zacks categorized Utility Water Supply industry. Also, we believe the company's long-term prospects are bright, as growth in the Brazilian population is creating higher demand for water and sewage services. By 2022, it aims to add nearly 1.0 million new water connections and 1.3 million new sewage connections. Also, it has planned investments worth R$13.9 billion for 2017-2021. For 2017, capital spending planned is approximately R$2.3 billion. However, SABESP is not immune to risks arising from higher expenses, foreign currency translation, governmental interference and dependence on electricity as a source of energy. Moreover, the company's higher debt levels, if unchecked, will inflate its financial obligations, posing serious threats to its profitability.”
  • 7/6/2017 – Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) opened at 10.30 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $7.76 and a 52 week high of $11.33. The stock’s 50 day moving average price is $10.33 and its 200 day moving average price is $10.03. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 7.36 and a beta of 1.77.

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.

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