Brokerage Firm Rating on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS)

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : Zacks Investment Research ranks Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) as 2, which is a Buy recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3.67, which indicates as a Sell.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : The most positive equity analysts on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $9.42 with an expected fluctuation of $0.83 from the mean.

Companhia

Company shares have received an average consensus rating of Hold for the current week Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.22 and $9.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.48, notching a gain of 1.83% for the day. The total traded volume was 1,487,484 . The stock had closed at $9.31 on the previous day.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo, as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services. It operates water and sewage services in approximately 364 municipalities of the State of Sao Paulo. Most of these municipalities operations are based on 30-year concession, program and services contracts. The Company also provides advisory services on the rational use of water, planning and commercial management, financial and operating issues. The Company is qualified to provide urban rainwater drainage and urban cleaning services, handle solid waste, sell power, perform other services, provide products and obtain benefits and rights that directly or indirectly result from its assets, operations and activities, in Brazil or abroad.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.