Citigroup Upgrades SSE (OTCMKTS:SSEZY) to Hold

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

Several other equities research analysts have also issued reports on SSEZY. Deutsche Bank Aktiengesellschaft started coverage on shares of SSE in a report on Wednesday, October 2nd. They issued a “hold” rating for the company. UBS Group raised SSE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, Barclays raised shares of SSE to a “strong-buy” rating in a research note on Monday, September 30th.

SSE Stock Performance

Shares of SSEZY opened at $20.06 on Monday. The business has a fifty day moving average of $20.77 and a 200 day 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 company also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.2658 per share. The ex-dividend date 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.