E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.
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 equities analysts have also recently issued reports on EONGY. Macquarie began coverage on E.ON SE Sponsored ADR (Germany) in a report on Monday, June 17th. They issued a neutral rating on the stock. Kepler Capital Markets restated a hold rating on shares of E.ON SE Sponsored ADR (Germany) in a report on Tuesday. JPMorgan Chase & Co. cut E.ON SE Sponsored ADR (Germany) from a neutral rating to an underweight rating in a report on Wednesday, July 31st. Finally, Goldman Sachs Group downgraded E.ON SE Sponsored ADR (Germany) from a neutral rating to a sell rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $12.00.
E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The company had revenue of $7.60 billion during the quarter. E.ON SE Sponsored ADR (Germany) had a return on equity of 12.25% and a net margin of 3.07%. As a group, analysts anticipate that E.ON SE Sponsored ADR will post 0.77 earnings per share for the current year.
About E.ON SE Sponsored ADR (Germany)
E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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