E.On (OTCMKTS:EONGY) Downgraded by Bank of America to “Neutral”

Bank of America cut shares of E.On (OTCMKTS:EONGY) from a buy rating to a neutral rating in a report published on Thursday, Marketbeat reports.

A number of other brokerages also recently commented on EONGY. Citigroup reissued a “neutral” rating on shares of E.On in a research note on Wednesday, December 3rd. Zacks Research upgraded E.On from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, E.On currently has a consensus rating of “Moderate Buy”.

E.On Price Performance

E.On stock opened at $20.64 on Thursday. 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 quick ratio of 0.79 and a current ratio of 0.85. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $18.73.

E.On (OTCMKTS:EONGY) last posted its earnings results 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 return on equity of 11.86% and a net margin of 3.61%.The business had revenue of $18.51 billion for the quarter, compared to analyst estimates of $21.43 billion. Equities research analysts anticipate 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.