Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Shares are Down -1.8%

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 -1.9% 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 -1.96% relative to the S&P 500. The 4-week change in the price of the stock is -2.42% and the stock has fallen -1.8% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.64% and the 50-Day Moving Average is 0.79%.The 200 Day SMA reached 28.55%

Companhia

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): The stock opened in the green at $9.41 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.45 and a low of $9.22 for the day. The stock did not find buyers even at the lows and closed at $9.26 recording a loss of -1.07%. 1,522,310 shares exchanged hands during the trading day. The stock had closed at $9.26 in the previous days trading.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : The highest level Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) is projected to reach is $10 for the short term and the lowest estimate is at $9. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $9.42 and the possibility the share price can swing is $0.83.

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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