Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Companhia de Saneamento Basico (SBS) Share Price
Press coverage about Companhia de Saneamento Basico (NYSE:SBS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Companhia de Saneamento Basico earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 44.2649687098192 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Companhia de Saneamento Basico (SBS) traded down $0.01 during trading on Wednesday, reaching $11.17. The company’s stock had a trading volume of 1,633,851 shares, compared to its average volume of 1,382,544. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.10 and a quick ratio of 1.07. The firm has a market capitalization of $7,532.28, a price-to-earnings ratio of 8.59 and a beta of 1.85. Companhia de Saneamento Basico has a 12 month low of $8.15 and a 12 month high of $11.69.
SBS has been the topic of several research reports. HSBC raised Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. ValuEngine raised Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research raised Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. UBS Group lowered Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. raised Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a report on Monday, November 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Companhia de Saneamento Basico currently has an average rating of “Hold”.
About Companhia de Saneamento Basico
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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