E.On (OTCMKTS:EONGY) Cut to “Hold” at Berenberg Bank

Berenberg Bank downgraded shares of E.On (OTCMKTS:EONGY) from a buy rating to a hold rating in a report issued on Tuesday morning, Marketbeat Ratings reports.

Several other equities analysts have also issued reports on the company. Citigroup restated a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Wall Street Zen downgraded shares of E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Zacks Research cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, E.On currently has a consensus rating of “Hold”.

E.On Stock Performance

Shares of E.On stock opened at $21.78 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 52-week low of $11.79 and a 52-week high of $21.79. The company has a fifty day moving average of $19.62 and a 200-day moving average of $18.82.

E.On (OTCMKTS:EONGY) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.16 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 during the quarter, compared to analysts’ expectations of $21.43 billion. Equities analysts forecast that E.On will post 1.16 EPS 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.