E.On (OTCMKTS:EONGY) Downgraded to Strong Sell Rating by DZ Bank

DZ Bank lowered shares of E.On (OTCMKTS:EONGY) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Zacks Research cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Citigroup restated a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Finally, Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

E.On Trading Down 0.3%

EONGY stock traded down $0.07 during midday trading on Thursday, reaching $23.28. 138,948 shares of the company traded hands, compared to its average volume of 254,756. E.On has a 52-week low of $12.77 and a 52-week high of $23.48. The business has a 50 day moving average of $20.56 and a 200-day moving average of $19.11. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last announced its earnings results on Wednesday, February 25th. The utilities provider reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. E.On had a return on equity of 12.27% and a net margin of 2.20%.The firm had revenue of $24.95 billion during the quarter. On average, sell-side analysts forecast that E.On will post 1.16 earnings per share for the current 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.