Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Shares are Down -0.65%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : During the past 4 weeks, traders have been relatively bearish on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS), hence the stock is down -5.37% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.62% relative to the S&P 500. The 4-week change in the price of the stock is -5.01% and the stock has fallen -0.65% in the past 1 week.

Companhia de Saneamento Basico do Estado de Sao Paulo is up 20.34% in the last 3-month period. Year-to-Date the stock performance stands at 99.94%. The stock has recorded a 20-day Moving Average of 1.72% and the 50-Day Moving Average is 2.51%.

Companhia

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): The stock opened at $9.17 on Friday but the bulls could not build on the opening and the stock topped out at $9.19 for the day. The stock traded down to $9.03 during the day, due to lack of any buying support eventually closed down at $9.11 with a loss of -1.19% for the day. The stock had closed at $9.22 on the previous day. The total traded volume was 762,797 shares.

Also, Janney Capital downgrades its rating on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS). Analysts at the Janney Capital have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 3, 2016.

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.

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