Brokerage Firm Rating Update on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS)

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : The consensus on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) based on 3 analyst recommendation on the company stock is 3.67, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) stock is expected to deviate a maximum of $0.83 from the average target price of $9.42 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $9.

Companhia

Company shares have received an average consensus rating of Hold for the current week Also, Janney Capital downgrades their rating on the shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 3, 2016.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): The stock opened at $9.62 and touched an intraday high of $9.76 on Wednesday. During the day, the stock corrected to an intraday low of $9.585, however, the bulls stepped in and pushed the price higher to close in the green at $9.71 with a gain of 0.73% for the day. The total traded volume for the day was 995,908. The stock had closed at $9.64 in the previous trading session.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo, as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services. It operates water and sewage services in approximately 364 municipalities of the State of Sao Paulo. Most of these municipalities operations are based on 30-year concession, program and services contracts. The Company also provides advisory services on the rational use of water, planning and commercial management, financial and operating issues. The Company is qualified to provide urban rainwater drainage and urban cleaning services, handle solid waste, sell power, perform other services, provide products and obtain benefits and rights that directly or indirectly result from its assets, operations and activities, in Brazil or abroad.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *