|Bid||8.99 x 1200|
|Ask||9.10 x 4000|
|Day's Range||8.45 - 9.06|
|52 Week Range||7.45 - 12.04|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||10.61|
|Forward Dividend & Yield||0.18 (1.98%)|
|Ex-Dividend Date||Apr 29, 2022|
|1y Target Est||12.15|
Sao Paulo's state government will hire the World Bank's International Finance Corporation (IFC) in the next few days for studies on the possible privatization of state water utility Sabesp, Governor Tarcisio de Freitas said on Friday. "The privatization of Sabesp is a very complex matter," Tarcisio told Reuters after attending an event in Rio de Janeiro.
Over the weekend, the South American nation held the first round of its 2022 presidential election, and former President Luiz Inacio Lula da Silva was ahead in the polling -- and investors are cheering. As of 10:45 a.m. ET Monday, shares of Brazilian oil giant Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) (aka Petrobras) were up 12.4%, while electric and gas utility Companhia Energetica de Minas Gerais (NYSE: CIG) had gained 14.6%, and water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) (aka "Sabesp") was leading the whole Brazilian stock market higher with a 22.5% gain.
Q2 2022 Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Earnings Call