SSE (OTCMKTS:SSEZY) Lowered to “Strong Sell” Rating by Citigroup

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

A number of other brokerages also recently issued reports on SSEZY. Zacks Research downgraded SSE from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SSE in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SSE in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SSE Stock Performance

Shares of OTCMKTS:SSEZY traded down $0.47 during midday trading on Thursday, reaching $29.61. 112,623 shares of the company’s stock traded hands, compared to its average volume of 119,099. The company has a fifty day simple moving average of $24.48 and a two-hundred day simple moving average of $24.43. SSE has a 1 year low of $18.60 and a 1 year high of $30.58. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68.

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.