Zacks Research Downgrades E.On (OTCMKTS:EONGY) to Hold

E.On (OTCMKTS:EONGY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts also recently commented on the company. Bank of America downgraded E.On from a “buy” rating to a “neutral” rating in a research note on Thursday. Wall Street Zen cut shares of E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Finally, Citigroup restated a “neutral” rating on shares of E.On in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

E.On Stock Performance

EONGY stock opened at $20.90 on Thursday. E.On has a fifty-two week low of $11.79 and a fifty-two week high of $21.60. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $18.74.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). E.On had a return on equity of 11.86% and a net margin of 3.61%.The company had revenue of $18.51 billion for the quarter, compared to analyst estimates of $21.43 billion. As a group, analysts anticipate that E.On will post 1.16 EPS 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.