United Utilities Group (OTCMKTS:UUGRY) Sees Strong Trading Volume – Time to Buy?

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) saw unusually-high trading volume on Wednesday. 46,457 shares were traded during trading, an increase of 54% from the previous session’s volume of 30,118 shares. The stock last traded at $39.74 and had previously closed at $39.83.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane initiated coverage on shares of United Utilities Group in a report on Monday, June 29th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

United Utilities Group Stock Down 0.7%

The company has a fifty day moving average of $37.71 and a 200 day moving average of $36.78.

United Utilities Group Company Profile

United Utilities Group plc is a United Kingdom-based water and wastewater services company. Through its regulated subsidiary, United Utilities Water Limited, the company provides clean water and wastewater collection, treatment and disposal services across the North West of England.

The company operates and maintains a large regional network of reservoirs, water-treatment works, pumping stations, sewer systems and wastewater-treatment facilities. Its activities also include managing water resources, maintaining and upgrading infrastructure, supporting environmental protection and delivering services to household, commercial and industrial customers.

United Utilities was formed in 1995 through the merger of North West Water and NORWEB.