Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.88 and traded as high as $25.17. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $24.5660, with a volume of 2,478,075 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.4%

The company has a 50 day moving average of $25.16 and a 200 day moving average of $22.88. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 3.67 and a beta of 0.80.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%.The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $1.07 billion. As a group, research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds have recently modified their holdings of SBS. CANADA LIFE ASSURANCE Co raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 4.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 367,314 shares of the utilities provider’s stock worth $8,981,000 after purchasing an additional 15,700 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter valued at $500,000. Verition Fund Management LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter valued at $1,955,000. Qube Research & Technologies Ltd raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 296.9% during the third quarter. Qube Research & Technologies Ltd now owns 445,786 shares of the utilities provider’s stock worth $11,096,000 after acquiring an additional 333,463 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 361.4% during the third quarter. Public Employees Retirement System of Ohio now owns 7,733 shares of the utilities provider’s stock valued at $192,000 after acquiring an additional 6,057 shares during the period. 10.62% of the stock is owned by institutional investors.

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.