United Utilities Group (OTCMKTS:UUGRY) Downgraded to “Hold” Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of United Utilities Group (OTCMKTS:UUGRY) from a moderate buy rating to a hold rating in a research note published on Friday,Zacks.com reports.

Separately, UBS Group lowered shares of United Utilities Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 29th.

United Utilities Group Price Performance

OTCMKTS UUGRY opened at $30.28 on Friday. The company’s fifty day simple moving average is $30.25 and its 200-day simple moving average is $27.15. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.94 and a quick ratio of 1.91. United Utilities Group has a 52 week low of $22.73 and a 52 week high of $32.03.

United Utilities Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.8506 per share. This represents a yield of 3.94%. The ex-dividend date of this dividend is Friday, June 20th. This is a positive change from United Utilities Group’s previous dividend of $0.44.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.