Companhia de Saneamento Bsc DEDSP (NYSE:SBS) shares fell 5.4% on Friday . The stock traded as low as $12.65 and last traded at $12.67, 1,938,452 shares changed hands during trading. A decline of 15% from the average session volume of 2,290,611 shares. The stock had previously closed at $13.39.
A number of brokerages have commented on SBS. ValuEngine cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 price objective for the company. in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.
The firm has a market capitalization of $8.84 billion, a PE ratio of 11.62 and a beta of 0.94. The business’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $11.71. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.
Companhia de Saneamento Bsc DEDSP Company Profile (NYSE:SBS)
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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