SSE (SSEZY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of SSE (OTCMKTS:SSEZY) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. They currently have $20.00 target price on the technology company’s stock.

According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “

Separately, Jefferies Group upgraded shares of SSE from a hold rating to a buy rating in a research note on Tuesday, November 21st.

Shares of SSE (OTCMKTS:SSEZY) traded up $0.28 during mid-day trading on Thursday, hitting $18.44. 106,213 shares of the company were exchanged, compared to its average volume of 169,071. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.14 and a quick ratio of 1.09. SSE has a 12-month low of $17.33 and a 12-month high of $20.52.

The company also recently announced a None dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, January 19th will be paid a dividend of $0.354 per share. The ex-dividend date is Thursday, January 18th.

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About SSE

SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.

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