SSE PLC/S (SSEZY) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research lowered shares of SSE PLC/S (OTCMKTS:SSEZY) from a buy rating to a hold rating in a report published on Tuesday.

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, Royal Bank of Canada downgraded SSE PLC/S from an outperform rating to a sector perform rating in a research report on Wednesday, June 20th.

Shares of SSEZY opened at $14.79 on Tuesday. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 12.60 and a beta of 0.74. SSE PLC/S has a fifty-two week low of $14.07 and a fifty-two week high of $19.66.

About SSE PLC/S

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

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