SSE (OTCMKTS:SSEZY) Upgraded at Citigroup

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

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

SSE Stock Performance

SSEZY opened at $19.67 on Monday. SSE has a fifty-two week low of $18.76 and a fifty-two week high of $27.01. The company’s 50-day moving average is $20.73 and its 200 day moving average is $23.29.

SSE Cuts Dividend

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

About SSE

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.