Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS)’s share price was down 4.1% during trading on Monday . The company traded as low as $9.00 and last traded at $9.05, with a volume of 1,598,984 shares. The stock had previously closed at $9.44.

A number of equities analysts recently commented on SBS shares. Zacks Investment Research raised shares of Companhia de Saneamento Basico do Estado de Sao Paulo from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, June 21st. JPMorgan Chase & Co. downgraded shares of Companhia de Saneamento Basico do Estado de Sao Paulo from an “overweight” rating to a “neutral” rating in a research note on Friday.

The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $7.05. The firm has a market cap of $6.19 billion and a price-to-earnings ratio of 23.88.

Other institutional investors have modified their holdings of the company. First Trust Advisors LP raised its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 4.7% in the fourth quarter. First Trust Advisors LP now owns 890,458 shares of the company’s stock valued at $4,096,000 after buying an additional 39,882 shares in the last quarter. KBC Group NV raised its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 5.7% in the fourth quarter. KBC Group NV now owns 563,612 shares of the company’s stock valued at $2,593,000 after buying an additional 30,385 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 23.4% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 341,900 shares of the company’s stock valued at $1,573,000 after buying an additional 64,800 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 8.7% in the fourth quarter. Bank of Montreal Can now owns 219,981 shares of the company’s stock valued at $1,012,000 after buying an additional 17,610 shares in the last quarter.

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.

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