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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) : Zacks Investment Research ranks Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3, which indicates as a Hold.

Company shares have received an average consensus rating of Hold for the current week

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): stock turned positive on Tuesday. Though the stock opened at $8.51, the bulls momentum made the stock top out at $8.72 level for the day. The stock recorded a low of $8.44 and closed the trading day at $8.7, in the green by 5.45%. The total traded volume for the day was 2,738,586. The stock had closed at $8.25 in the previous days trading.

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.

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