Back to top

SABESP (SBS) Surges: Stock Moves 6.9% Higher

Read MoreHide Full Article

SABESP (SBS - Free Report) 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%.  

A better-ranked stock in the Utility - Water Supply industry is Middlesex Water Company (MSEX - Free Report) , 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

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS) - free report >>

Middlesex Water Company (MSEX) - free report >>

More from Zacks Tale of the Tape

You May Like

Published in