Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS)’s share price rose 6.4% during mid-day trading on Monday . The stock traded as high as $9.51 and last traded at $9.49, with a volume of 2,270,400 shares traded. The stock had previously closed at $8.92.

SBS has been the topic of several analyst reports. 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 cap of $6.49 billion and a PE ratio of 16.00. The firm has a 50 day moving average of $9.17 and a 200 day moving average of $7.69.

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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