Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : During the past 4 weeks, traders have been relatively bearish on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS), hence the stock is down -0.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.64% relative to the S&P 500. The 4-week change in the price of the stock is -2.2% and the stock has fallen -0.11% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 2.48%.The 200 Day SMA reached 27.72% Companhia de Saneamento Basico do Estado de Sao Paulo is up 9.59% in the last 3-month period. Year-to-Date the stock performance stands at 95.55%.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : 2 Wall Street analysts covering Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) believe that the average level the stock could reach for the short term is $9.42. The maximum price target given is $10 and the minimum target for short term is around $9, hence the standard deviation is calculated at $0.83.
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 was range-bound between the intraday low of $8.76 and the intraday high of $8.95 after having opened at $8.84 on Fridays session. The stock finally closed in the red at $8.84, a loss of -0.67%. The stock remained in the red for the whole trading day. The total traded volume was 4,196,869 shares. The stock failed to cross $8.95 in Fridays trading. The stocks closing price on Thursday was $8.91.
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.