E.On (OTCMKTS:EONGY) Cut to Hold at Zacks Research

Zacks Research lowered shares of E.On (OTCMKTS:EONGY) from a strong-buy rating to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Bank of America downgraded E.On from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

E.On Stock Up 1.3%

EONGY stock opened at $20.90 on Thursday. The firm has a 50 day moving average of $19.33 and a two-hundred day moving average of $18.74. E.On has a 12 month low of $11.79 and a 12 month high of $21.60. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79.

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