E.On (OTCMKTS:EONGY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

E.On Se (OTCMKTS:EONGY)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $21.20 and traded as high as $21.31. E.On shares last traded at $21.30, with a volume of 143,145 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EONGY shares. UBS Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. Sanford C. Bernstein raised E.On to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, E.On presently has an average rating of “Moderate Buy”.

E.On Stock Down 1.8%

The company has a market capitalization of $55.55 billion, a PE ratio of 15.68, a P/E/G ratio of 4.87 and a beta of 0.67. The company’s 50-day moving average is $20.08 and its 200 day moving average is $21.22. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.10). The company had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $40.44 billion. E.On had a return on equity of 11.35% and a net margin of 4.49%. As a group, analysts anticipate that E.On Se will post 1.23 EPS for the current year.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations.

E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.

Formed in 2000 through the merger of German utility companies VEBA and VIAG, E.ON later reshaped its business around networks and customer services.