E.On (OTCMKTS:EONGY) Stock Rating Lowered by Zacks Investment Research

E.On (OTCMKTS:EONGY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus cut E.On from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Citigroup cut E.On from a “buy” rating to a “neutral” rating in a report on Friday, February 25th. JPMorgan Chase & Co. upped their target price on E.On from €12.00 ($12.63) to €12.50 ($13.16) and gave the stock a “neutral” rating in a report on Friday, March 25th. UBS Group lowered their target price on E.On from €11.50 ($12.11) to €11.00 ($11.58) in a report on Tuesday, April 5th. Finally, Royal Bank of Canada upped their target price on E.On from €11.25 ($11.84) to €12.00 ($12.63) in a report on Tuesday, January 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, E.On currently has an average rating of “Hold” and a consensus price target of $12.63.

EONGY opened at $10.32 on Thursday. The business has a fifty day moving average of $11.10 and a 200 day moving average of $12.47. E.On has a 52-week low of $10.12 and a 52-week high of $14.18. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 1.57. The stock has a market cap of $26.94 billion, a P/E ratio of 4.87, a PEG ratio of 1.24 and a beta of 0.53.

E.On (OTCMKTS:EONGY – Get Rating) last posted its quarterly earnings data on Wednesday, March 16th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. E.On had a return on equity of 16.24% and a net margin of 6.11%. The company had revenue of $33.48 billion during the quarter. Equities analysts anticipate that E.On will post 1.03 EPS for the current fiscal year.

E.On Company Profile (Get Rating)

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.

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