Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 0.7%

Shares of NYSE SBS traded up $0.15 during mid-day trading on Tuesday, hitting $20.66. 1,051,851 shares of the stock traded hands, compared to its average volume of 1,109,698. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 8.13 and a beta of 0.81. The stock has a fifty day moving average price of $19.05 and a 200-day moving average price of $16.98. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $21.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. Research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

Institutional Investors Weigh In On Companhia de Saneamento Básico do Estado de São Paulo - SABESP

A number of hedge funds and other institutional investors have recently bought and sold shares of SBS. First Affirmative Financial Network boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.3% in the 1st quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock worth $320,000 after purchasing an additional 565 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.7% during the fourth quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after buying an additional 776 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% in the fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after acquiring an additional 950 shares in the last quarter. Rhumbline Advisers boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock worth $1,797,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.3% in the fourth quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after acquiring an additional 1,237 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São 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.