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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) has an average broker rating of 3.67, which is interpreted as a Sell, as rated by 3 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : Average target price received by Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) is $9.42 with an expected standard deviation of $0.83. The most aggressive target on the stock is $10, whereas the most downbeat target is $9. 2 financial analysts are currently covering the stock.

Companhia

Companhia de Saneamento Basico do Estado de Sao Paulo has lost 3.65% in the last five trading days and dropped 5.27% in the last 4 weeks. Companhia de Saneamento Basico do Estado de Sao Paulo is up 23.01% in the last 3-month period. Year-to-Date the stock performance stands at 97.09%. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): On Tuesdays trading session , Opening price of the stock was $9.09 with an intraday high of $9.145. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.98. However, the stock managed to close at $8.98, a loss of 0.88% for the day. On the previous day, the stock had closed at $9.06. The total traded volume of the day was 1,170,364 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.

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