Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS)’s share price traded up 3.5% during trading on Monday . The company traded as high as $9.10 and last traded at $9.08, with a volume of 1,359,864 shares traded. The stock had previously closed at $8.77.

A number of equities analysts have commented on the stock. Janney Montgomery Scott downgraded shares of Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Finally, 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, July 29th.

The company has a market cap of $6.18 billion and a price-to-earnings ratio of 15.32. The stock’s 50 day moving average price is $9.17 and its 200-day moving average price is $7.63.

An institutional investor recently raised its position in Companhia de Saneamento Basico do Estado de Sao Paulo stock. KBC Group NV increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 563,612 shares of the company’s stock after buying an additional 30,385 shares during the period. KBC Group NV owned 0.08% of Companhia de Saneamento Basico do Estado de Sao Paulo worth $2,593,000 as of its most recent filing with the SEC.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

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