United Utilities Group (OTCMKTS:UUGRY) Hits New 1-Year High – Here’s Why

United Utilities Group PLC (OTCMKTS:UUGRY) shares reached a new 52-week high on Wednesday . The company traded as high as $35.84 and last traded at $35.77, with a volume of 9466 shares trading hands. The stock had previously closed at $35.25.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UUGRY. Citigroup reiterated a “buy” rating on shares of United Utilities Group in a research report on Monday, November 3rd. Zacks Research raised United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, United Utilities Group has a consensus rating of “Buy”.

United Utilities Group Price Performance

The business’s 50 day moving average is $32.82 and its 200 day moving average is $31.74. The company has a current ratio of 2.22, a quick ratio of 2.21 and a debt-to-equity ratio of 5.50.

United Utilities Group Company Profile

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.