Standpoint Research Downgrades Sabesp (SBS) to Hold; Better Value in TIM Participacoes (TSU)
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Price: $4.61 +3.36%
Rating Summary:
4 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Standpoint Research downgraded Sabesp (NYSE: SBS) from Buy to Hold.
Standpoint analyst, Ronnie Moas, said, "Utility stock Saneamento was in effect replaced this morning pre-market with telecom stock TIM Participacoes Brazil (NYSE: TSU)...The shares remain undervalued by 10% but we feel that SBS has run its course versus the S&P and we can no longer leave our highest recommendation attached to this name."
For an analyst ratings summary and ratings history on Sabesp click here. For more ratings news on Sabesp click here.
Shares of Sabesp closed at $54.93 yesterday.
Standpoint analyst, Ronnie Moas, said, "Utility stock Saneamento was in effect replaced this morning pre-market with telecom stock TIM Participacoes Brazil (NYSE: TSU)...The shares remain undervalued by 10% but we feel that SBS has run its course versus the S&P and we can no longer leave our highest recommendation attached to this name."
For an analyst ratings summary and ratings history on Sabesp click here. For more ratings news on Sabesp click here.
Shares of Sabesp closed at $54.93 yesterday.
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