RWE (OTCMKTS:RWEOY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of RWE (OTCMKTS:RWEOY) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

RWEOY has been the topic of a number of other research reports. BNP Paribas Exane set a $53.30 target price on shares of RWE and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Citigroup cut RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.30.

RWE Stock Performance

Shares of OTCMKTS RWEOY opened at $63.39 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.21. RWE has a 12 month low of $29.24 and a 12 month high of $64.58. The stock has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $48.22.

RWE (OTCMKTS:RWEOY) last announced its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.66. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $4.48 billion. RWE had a net margin of 10.82% and a return on equity of 5.42%. As a group, equities research analysts expect that RWE will post 3.18 EPS for the current year.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.