Zacks Investment Research Downgrades E.On Se (EONGY) to Hold
E.On Se (NASDAQ:EONGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “
A number of other research analysts have also recently weighed in on EONGY. Berenberg Bank upgraded shares of E.On Se from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Royal Bank Of Canada upgraded shares of E.On Se from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.
Shares of E.On Se (EONGY) opened at 11.078 on Tuesday. E.On Se has a one year low of $6.38 and a one year high of $11.64.
E.On Se (NASDAQ:EONGY) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.24. The company had revenue of $10.01 billion for the quarter. E.On Se had a net margin of 36.24% and a return on equity of 538.90%.
E.On Se Company Profile
E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.
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