Companhia de Saneamento Bsc DEDSP (SBS) Rating Lowered to Hold at ValuEngine

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Companhia de Saneamento Bsc DEDSP (NYSE:SBS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other analysts also recently weighed in on SBS. Zacks Investment Research upgraded Companhia de Saneamento Bsc DEDSP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 16th. UBS Group upgraded Companhia de Saneamento Bsc DEDSP from a “neutral” rating to an “outperform” rating in a research report on Monday, October 29th. Janney Montgomery Scott upgraded Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “buy” rating in a research report on Monday, November 12th. Citigroup downgraded Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, HSBC downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold”.

Shares of SBS stock opened at $10.13 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.62. Companhia de Saneamento Bsc DEDSP has a fifty-two week low of $5.58 and a fifty-two week high of $12.25. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 8.73 and a beta of 0.97.

Several institutional investors have recently made changes to their positions in SBS. Bank of New York Mellon Corp raised its holdings in shares of Companhia de Saneamento Bsc DEDSP by 61.3% during the second quarter. Bank of New York Mellon Corp now owns 59,927 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 22,780 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Companhia de Saneamento Bsc DEDSP by 120.9% during the second quarter. Millennium Management LLC now owns 770,504 shares of the utilities provider’s stock valued at $4,631,000 after acquiring an additional 421,638 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Companhia de Saneamento Bsc DEDSP by 5.4% during the second quarter. Northern Trust Corp now owns 1,573,009 shares of the utilities provider’s stock valued at $9,454,000 after acquiring an additional 80,947 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Companhia de Saneamento Bsc DEDSP by 245.5% during the third quarter. Bank of Montreal Can now owns 643,321 shares of the utilities provider’s stock valued at $3,795,000 after acquiring an additional 457,111 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Companhia de Saneamento Bsc DEDSP by 37.9% during the third quarter. First Trust Advisors LP now owns 740,145 shares of the utilities provider’s stock valued at $4,367,000 after acquiring an additional 203,335 shares in the last quarter. Institutional investors own 14.89% of the company’s stock.

About Companhia de Saneamento Bsc DEDSP

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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