Companhia de Saneamento Básico do Estado de São Paulo or SABESP (SBS Quick QuoteSBS - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $8.73 to $9.95 in the past one month time frame.

The move came after the company has been upgraded by the HSBC Holdings.

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 #4 (Sell) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Utility - Water Supply industry is American States Water Company (AWR Quick QuoteAWR - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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