E.On (OTCMKTS:EONGY) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of E.On (OTCMKTS:EONGY) from a hold rating to a sell rating in a research note published on Wednesday morning.

Several other brokerages also recently weighed in on EONGY. Zacks Research upgraded E.On from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Citigroup reissued a “neutral” rating on shares of E.On in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, E.On has an average rating of “Moderate Buy”.

E.On Price Performance

Shares of OTCMKTS:EONGY opened at $19.76 on Wednesday. The firm has a 50 day moving average of $18.42 and a 200-day moving average of $18.50. E.On has a 12 month low of $10.89 and a 12 month high of $19.91. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $51.60 billion, a PE ratio of 16.20, a PEG ratio of 5.61 and a beta of 0.81.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The firm had revenue of $18.51 billion during the quarter, compared to the consensus estimate of $21.43 billion. On average, equities research analysts predict that E.On will post 1.16 EPS for the current fiscal year.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.