SSE (OTCMKTS:SSEZY) Upgraded by Citigroup to Hold Rating

Citigroup upgraded shares of SSE (OTCMKTS:SSEZY) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft initiated coverage on SSE in a research note on Wednesday, October 2nd. They set a “hold” rating on the stock. UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Barclays raised shares of SSE to a “strong-buy” rating in a research note on Monday, September 30th.

SSE Trading Up 1.2 %

Shares of SSEZY stock opened at $20.06 on Monday. The stock has a fifty day simple moving average of $20.77 and a two-hundred day simple moving average of $23.32. SSE has a 52-week low of $18.76 and a 52-week high of $27.01.

SSE Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.2658 per share. The ex-dividend date of this dividend is Friday, January 3rd.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.