Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Upgraded to Strong-Buy at Zacks Research

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 4.0%

SBS opened at $27.48 on Wednesday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $16.11 and a 1 year high of $30.63. The firm has a 50 day moving average price of $27.11 and a 200 day moving average price of $25.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $19.34 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 5.58 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SBS. Bank of America Corp DE boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% in the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after purchasing an additional 1,116,681 shares during the period. Manning & Napier Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the 3rd quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after buying an additional 2,522,231 shares during the period. Mackenzie Financial Corp lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the 4th quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock worth $52,072,000 after buying an additional 48,214 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock worth $49,966,000 after buying an additional 48,587 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% in the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock valued at $44,126,000 after buying an additional 728,383 shares during the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.