Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) shares were down 2.4% during trading on Tuesday . The stock traded as low as $8.79 and last traded at $8.82, with a volume of 539,715 shares traded. The stock had previously closed at $9.04.

Several research analysts have recently commented on SBS shares. Zacks Investment Research lowered Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. JPMorgan Chase & Co. lowered Companhia de Saneamento Basico do Estado de Sao Paulo from an “overweight” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, Janney Montgomery Scott lowered Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd.

The company has a market capitalization of $6.10 billion and a PE ratio of 15.12. The stock’s 50-day moving average price is $9.17 and its 200-day moving average price is $7.66.

An institutional investor recently raised its position in Companhia de Saneamento Basico do Estado de Sao Paulo stock. KBC Group NV increased its stake in Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 563,612 shares of the company’s stock after buying an additional 30,385 shares during the period. KBC Group NV owned about 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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