Scotiabank upgraded shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) from an underperform rating to a sector perform rating in a report issued on Monday.

SBS has been the subject of a number of other reports. JPMorgan Chase & Co. cut shares of Companhia de Saneamento Basico do Estado de Sao Paulo from an overweight rating to a neutral rating in a research report on Friday, July 29th. Janney Montgomery Scott cut shares of Companhia de Saneamento Basico do Estado de Sao Paulo from a buy rating to a neutral rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research cut shares of Companhia de Saneamento Basico do Estado de Sao Paulo from a buy rating to a hold rating in a research report on Monday, November 7th.

Shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) opened at 8.45 on Monday. The firm has a market capitalization of $5.78 billion, a PE ratio of 7.44 and a beta of 1.97. Companhia de Saneamento Basico do Estado de Sao Paulo has a 1-year low of $3.98 and a 1-year high of $10.55. The firm has a 50-day moving average price of $9.66 and a 200-day moving average price of $8.86.

Institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 0.9% in the second quarter. Raymond James Trust N.A. now owns 16,114 shares of the company’s stock valued at $144,000 after buying an additional 142 shares in the last quarter. M&T Bank Corp increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 1.8% in the third quarter. M&T Bank Corp now owns 11,358 shares of the company’s stock valued at $105,000 after buying an additional 197 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 5.2% in the third quarter. Global X Management Co. LLC now owns 25,193 shares of the company’s stock valued at $233,000 after buying an additional 1,252 shares in the last quarter. Connable Office Inc. increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 5.6% in the second quarter. Connable Office Inc. now owns 32,020 shares of the company’s stock valued at $287,000 after buying an additional 1,688 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 17.3% in the second quarter. Van ECK Associates Corp now owns 13,372 shares of the company’s stock valued at $120,000 after buying an additional 1,975 shares in the last quarter. 16.12% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Basico do Estado de Sao Paulo Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

5 Day Chart for NYSE:SBS

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