Vonovia (OTCMKTS:VONOY) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Vonovia (OTCMKTS:VONOY) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Vonovia Stock Performance

OTCMKTS:VONOY opened at $11.70 on Wednesday. The stock has a 50-day simple moving average of $12.07 and a 200 day simple moving average of $13.41. Vonovia has a one year low of $11.26 and a one year high of $17.05. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 4.43 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last issued its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.01 billion. Vonovia had a return on equity of 14.51% and a net margin of 56.28%. On average, equities research analysts forecast that Vonovia will post 0.97 EPS for the current fiscal year.

About Vonovia

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.