The stock of Companhia de Saneamento Basico (ADR) (NYSE:SBS) is a huge mover today! About 2.48 million shares traded hands or 83.70% up from the average. Companhia de Saneamento Basico (ADR) (NYSE:SBS) has risen 53.83% since April 8, 2016 and is uptrending. It has outperformed by 48.19% the S&P500.
The move comes after 5 months negative chart setup for the $5.94 billion company. It was reported on Nov, 10 by Barchart.com. We have $8.35 PT which if reached, will make NYSE:SBS worth $356.40M less.
According to Zacks Investment Research, “SABESP provides public water and sewage services to residential, commercial, industrial and governmental customers in the City of Sao Paulo.”
More recent Companhia de Saneamento Basico (ADR) (NYSE:SBS) news were published by: Fool.com which released: “Is Companhia de Saneamento Basico ADR (Sabesp) Destined for Greatness?” on March 16, 2014. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Ralph Lauren Profit Tops Views” with publication date: November 10, 2016 was also an interesting one.
SBS Company Profile
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP, incorporated on October 6, 1973, is a water and sewage service provider. The Firm provides water and sewage services to a range of residential, commercial, industrial and governmental clients in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo. The Company’s divisions include Water and Sewage. The Firm also supplies treated water on a wholesale basis to approximately 10 municipalities located in the Sao Paulo metropolitan region and urban conurbations.
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