Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp American Depositary Shares (Each repstg 250) (NYSE:SBS) traded at a new 52-week high today of $9.18. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
Companhia De Saneamento Basico Do Estado De Sao Paulo is Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company’s majority stakeholder. The company generates revenue through exclusive long-term agreements with municipal governments. It is not uncommon for SABESP to serve the vast majority of a market. The company operates in a single segment, which is Sanitation services.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp American Depositary Shares (Each repstg 250) (NYSE:SBS) is currently priced 63.0% above its average consensus analyst price target of $3.35.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp American Depositary Shares (Each repstg 250) share prices have moved between a 52-week high of $9.18 and a 52-week low of $5.76 and are now trading 57% above that low price at $9.04 per share.
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