Companhia de Saneamento Basico (ADR)(NYSE:SBS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.45.
In a different note, On Mar 6, 2017, Standpoint Research said it Downgrades its rating on Companhia de Saneamento Basico (ADR). The shares have been rated ‘Hold’ by the firm.
Companhia de Saneamento Basico (ADR) (SBS) made into the market gainers list on Fridays trading session with the shares advancing 2.13% or 0.21 points. Due to strong positive momentum, the stock ended at $10.08, which is also near the day’s high of $10.16. The stock began the session at $9.96 and the volume stood at 9,78,786 shares. The 52-week high of the shares is $11.22 and the 52 week low is $6.01. The company has a current market capitalization of $6,890 M and it has 68,35,09,870 shares in outstanding.
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services. It operates water and sewage services in approximately 364 municipalities of the State of Sao Paulo. Most of these municipalities operations are based on 30-year concession program and services contracts. The Company also provides advisory services on the rational use of water planning and commercial management financial and operating issues. The Company is qualified to provide urban rainwater drainage and urban cleaning services handle solid waste sell power perform other services provide products and obtain benefits and rights that directly or indirectly result from its assets operations and activities in Brazil or abroad.