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SABESP (SBS) Surges: Stock Moves 6.9% Higher

Zacks Equity Research

SABESP SBS was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 31.4% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

SABESP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.  

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price | Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Quote

A better-ranked stock in the Utility - Water Supply industry is Middlesex Water Company MSEX, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SBS going up? Or down? Predict to see what others think: Up or Down

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Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS) : Free Stock Analysis Report
 
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