E.On (OTCMKTS:EONGY) Lowered to Hold Rating by Berenberg Bank

Berenberg Bank cut shares of E.On (OTCMKTS:EONGY) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat Ratings reports.

Several other research firms also recently commented on EONGY. Citigroup reissued a “neutral” rating on shares of E.On in a research note on Friday. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Bank of America lowered shares of E.On from a “buy” rating to a “neutral” 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 report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

E.On Price Performance

Shares of E.On stock opened at $21.22 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44. E.On has a twelve month low of $11.79 and a twelve month high of $21.60. The firm’s 50-day moving average price is $19.48 and its 200 day moving average price is $18.78.

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