E.On Se (OTCMKTS:EONGY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

E.On Se (OTCMKTS:EONGY) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several brokerages have recently weighed in on EONGY. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. UBS Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a report on Monday, September 7th. Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Morgan Stanley reissued an “overweight” rating on shares of E.On in a report on Friday, July 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th.

E.On Trading Up 0.3%

EONGY opened at $20.75 on Friday. The firm has a market capitalization of $54.25 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 4.80 and a beta of 0.68. E.On has a fifty-two week low of $17.38 and a fifty-two week high of $23.58. The company’s 50 day moving average price is $19.94 and its two-hundred day moving average price is $21.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.96 and a quick ratio of 0.90.

E.On (OTCMKTS:EONGY) last released 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 firm had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.35%. As a group, research analysts predict that E.On will post 1.23 earnings per share for the current year.

About E.On

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.