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Rare technical signal points to bullish outlook for Brazil ETF, Tavares says
Seeking Alpha News (Wed, 10-Jun 4:40 AM ET)
Companhia De Saneamento Basico Do Estado De Sao Paulo is engaged in the provision of basic and environmental sanitation services in Sao Paulo State, and supplies treated water and sewage services on a wholesale basis. SABESP may perform activities in other states and countries and can operate in drainage, urban cleaning, solid waste handling, and energy markets. The company determined that it has a single operating segment, which is the provision of sanitation services.
Companhia De Saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each Repstg 250 Common Shares) trades on the NYSE stock market under the symbol SBS.
As of June 15, 2026, SBS stock price climbed to $5.57 with 2,080,791 million shares trading.
SBS has a beta of 0.79, meaning it tends to be less sensitive to market movements. SBS has a correlation of 0.08 to the broad based SPY ETF.
SBS has a market cap of $19.53 billion. This is considered a Large Cap stock.
In the last 3 years, SBS traded as high as $7.16 and as low as $2.15.
The top ETF exchange traded funds that SBS belongs to (by Net Assets): WCMI, VWO, IGF, AVEM, VXUS.
SBS has outperformed the market in the last year with a price return of +36.6% while the SPY ETF gained +26.2%. However, in the short term, SBS had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.0% vs +13.6% return in SPY. But in the last 2 weeks, SBS shares have fared better than the market returning +0.9% compared to SPY -0.3%.
SBS support price is $5.35 and resistance is $5.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SBS shares will trade within this expected range on the day.
