Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Lowered to "Hold" Rating by StockNews.com

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock opened at $20.64 on Tuesday. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $20.92. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a 50 day moving average price of $18.77 and a 200 day moving average price of $16.84. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 8.13 and a beta of 0.81.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). 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%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. Sell-side analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% in the third quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock valued at $10,769,000 after buying an additional 29,228 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $145,000. Perpetual Ltd raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock valued at $10,088,000 after acquiring an additional 54,326 shares during the period. Strategic Investment Advisors MI acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $147,000. Finally, Blue Trust Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.7% during the 4th quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider's stock valued at $559,000 after acquiring an additional 17,662 shares in the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

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.

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