Companhia de Saneamento Basico (SBS) Upgraded to “Outperform” at UBS Group

UBS Group upgraded shares of Companhia de Saneamento Basico (NYSE:SBS) from a neutral rating to an outperform rating in a research report report published on Monday, The Fly reports.

SBS has been the topic of a number of other research reports. Zacks Investment Research raised shares of Companhia de Saneamento Basico from a strong sell rating to a hold rating in a report on Tuesday, October 16th. ValuEngine raised shares of Companhia de Saneamento Basico from a strong sell rating to a sell rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold.

Shares of Companhia de Saneamento Basico stock traded down $0.02 during mid-day trading on Monday, reaching $7.50. 1,212,860 shares of the stock were exchanged, compared to its average volume of 3,030,801. The stock has a market capitalization of $5.12 billion, a P/E ratio of 6.47 and a beta of 1.58. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. Companhia de Saneamento Basico has a fifty-two week low of $5.58 and a fifty-two week high of $11.96.

Companhia de Saneamento Basico (NYSE:SBS) last issued its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.17). Companhia de Saneamento Basico had a return on equity of 13.02% and a net margin of 15.55%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts anticipate that Companhia de Saneamento Basico will post 0.82 earnings per share for the current year.

A number of large investors have recently modified their holdings of SBS. Great West Life Assurance Co. Can grew its holdings in Companhia de Saneamento Basico by 291.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 693,710 shares of the utilities provider’s stock worth $4,179,000 after acquiring an additional 516,630 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Companhia de Saneamento Basico by 245.5% in the 3rd quarter. Bank of Montreal Can now owns 643,321 shares of the utilities provider’s stock valued at $3,795,000 after purchasing an additional 457,111 shares during the last quarter. Letko Brosseau & Associates Inc. boosted its stake in shares of Companhia de Saneamento Basico by 12.8% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 3,766,161 shares of the utilities provider’s stock valued at $22,635,000 after purchasing an additional 428,400 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Companhia de Saneamento Basico by 120.9% in the 2nd quarter. Millennium Management LLC now owns 770,504 shares of the utilities provider’s stock valued at $4,631,000 after purchasing an additional 421,638 shares during the last quarter. Finally, First Manhattan Co. bought a new position in shares of Companhia de Saneamento Basico in the 2nd quarter valued at about $1,605,000. 13.84% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de Saneamento Basico Company Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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