Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.41 and traded as high as $20.37. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp shares last traded at $19.75, with a volume of 696,288 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Down 2.1%

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $20.70 and a 200-day simple moving average of $18.44. The company has a market capitalization of $13.50 billion, a PE ratio of 7.37 and a beta of 0.73.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 28.70% and a return on equity of 29.18%. Analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current year.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

A number of hedge funds have recently modified their holdings of the business. Deutsche Bank AG lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 55.1% during the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock worth $89,337,000 after acquiring an additional 2,213,846 shares in the last quarter. Citigroup Inc. lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 50.6% during the 1st quarter. Citigroup Inc. now owns 2,473,310 shares of the utilities provider's stock worth $44,173,000 after acquiring an additional 830,937 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider's stock worth $24,798,000 after acquiring an additional 33,200 shares in the last quarter. Strs Ohio acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter worth about $29,142,000. Finally, Northern Trust Corp lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.1% during the 1st quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider's stock worth $25,838,000 after acquiring an additional 69,612 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company Profile

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.