Sanford C. Bernstein Upgrades Severn Trent (OTCMKTS:STRNY) to “Strong-Buy”

Sanford C. Bernstein upgraded shares of Severn Trent (OTCMKTS:STRNY) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Separately, Citigroup upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 5th.

Severn Trent Stock Performance

Shares of OTCMKTS STRNY opened at $30.49 on Monday. The stock’s 50-day moving average is $32.97 and its two-hundred day moving average is $33.50. Severn Trent has a 1-year low of $28.78 and a 1-year high of $36.56.

Severn Trent Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 2nd will be issued a $0.6167 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Severn Trent’s payout ratio is currently 137.91%.

Severn Trent Company Profile

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.