United Utilities Group (OTCMKTS:UUGRY) Reaches New 1-Year High – Time to Buy?

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UUGRY shares. Zacks Research upgraded United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Citigroup reissued a “buy” rating on shares of United Utilities Group in a research report on Monday, November 3rd. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

United Utilities Group Price Performance

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

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.