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

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

Separately, Citigroup raised shares of 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 firm has a 50 day moving average of $32.97 and a 200-day moving average of $33.50. Severn Trent has a 12 month low of $28.78 and a 12 month high of $36.56.

Severn Trent Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 2nd will be issued a $0.6167 dividend. The ex-dividend date 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.