The stock of Companhia de Saneamento Basico (ADR) (NYSE:SBS) is a huge mover today! About 2.12 million shares traded hands or 37.66% up from the average. Companhia de Saneamento Basico (ADR) (NYSE:SBS) has risen 12.92% since April 13, 2016 and is uptrending. It has outperformed by 8.99% the S&P500.
The move comes after 8 months positive chart setup for the $5.69 billion company. It was reported on Nov, 15 by Barchart.com. We have $10.59 PT which if reached, will make NYSE:SBS worth $1.59B more.
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 news for Companhia de Saneamento Basico (ADR) (NYSE:SBS) were recently published by: Fool.com, which released: “Is Companhia de Saneamento Basico ADR (Sabesp) Destined for Greatness?” on March 16, 2014. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
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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