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 -6.9% 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 -3.1% relative to the S&P 500. The 4-week change in the price of the stock is -7.1% and the stock has fallen -3.73% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.34% and the fifty day Moving Average is 2.29%. Companhia de Saneamento Basico do Estado de Sao Paulo is up 20.8% in the last three month period. Year-to-Date the stock performance stands at 92.48%.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $9. The average forecast of all the analysts is $9.42 and the expected standard deviation is $0.83.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): On Fridays trading session , Opening price of the stock was $8.98 with an intraday high of $9.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.71. However, the stock managed to close at $8.77, a loss of 1.35% for the day. On the previous day, the stock had closed at $8.89. The total traded volume of the day was 2,126,714 shares.
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.