E.On (OTCMKTS:EONGY) Cut to “Strong Sell” at DZ Bank

DZ Bank lowered shares of E.On (OTCMKTS:EONGY) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

EONGY has been the topic of a number of other research reports. Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Bank of America downgraded E.On from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Berenberg Bank downgraded shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen downgraded shares of E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

E.On Trading Down 0.3%

OTCMKTS EONGY opened at $23.28 on Thursday. The business’s 50-day moving average price is $20.56 and its two-hundred day moving average price is $19.11. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44. E.On has a 12 month low of $12.77 and a 12 month high of $23.48.

E.On (OTCMKTS:EONGY) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. E.On had a net margin of 2.20% and a return on equity of 12.27%. The business had revenue of $24.95 billion during the quarter. Sell-side analysts expect that E.On will post 1.16 earnings per share for the current year.

E.On Company Profile

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.