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Why This Water Stock Jumped 9.3% in November

TheMotleyFool

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Why This Water Stock Jumped 9.3% in November

Shares of Brazilian water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) -- Sabesp for short -- gained 9.3% in November. The stock is up 22.5% for the one-year period through Dec. 7, and British banking giant HSBC recently upgraded it from "hold" to "buy."

For some context, the S&P 500 returned 3.1% in November and 20.1% for the same one-year period.

Image source: Getty Images.

Source: Fool.com