Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Given Buy (B) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "buy (B)" rating for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS), reflecting positive sentiment from equities research analysts.
• In addition, Zacks Research upgraded the stock from a "hold" rating to a "strong-buy" rating, contributing to a current consensus rating of "Strong Buy."
• Recently, Sabesp's stock price increased by 1.7%, closing at $24.74, with a trading volume significantly exceeding its average volume.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Up 1.7%

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock traded up $0.41 during trading hours on Friday, hitting $24.74. The stock had a trading volume of 1,136,648 shares, compared to its average volume of 884,871. The stock's 50-day moving average price is $23.29 and its 200-day moving average price is $21.27. The stock has a market capitalization of $16.91 billion, a P/E ratio of 8.56 and a beta of 0.86. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12-month low of $13.87 and a 12-month high of $25.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.69.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Large investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock valued at $40,000 after buying an additional 1,394 shares during the period. GAMMA Investing LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider's stock worth $41,000 after acquiring an additional 552 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 1,666 shares during the period. Finally, Headlands Technologies LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at about $54,000. Institutional investors own 10.62% of the company's stock.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.