E.On (OTCMKTS:EONGY) Raised to Strong-Buy at Zacks Research

E.On (OTCMKTS:EONGY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Separately, Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

E.On Trading Up 0.5%

OTCMKTS:EONGY opened at $19.31 on Monday. The stock has a market capitalization of $50.17 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 5.54 and a beta of 0.81. E.On has a 52 week low of $10.65 and a 52 week high of $19.61. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average of $18.29 and a 200 day moving average of $18.45.

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