E.On (OTCMKTS:EONGY) Upgraded by DZ Bank to Hold Rating

DZ Bank upgraded shares of E.On (OTCMKTS:EONGY) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on EONGY. Bank of America lowered E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of E.On in a research note on Friday, February 6th. Wall Street Zen downgraded E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

E.On Stock Performance

Shares of OTCMKTS EONGY opened at $21.57 on Wednesday. The stock has a fifty day moving average price of $22.24 and a two-hundred day moving average price of $20.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79. The firm has a market cap of $56.39 billion, a P/E ratio of 14.10, a PEG ratio of 4.20 and a beta of 0.74. E.On has a 1 year low of $16.68 and a 1 year high of $23.58.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $25.55 billion during the quarter, compared to analyst estimates of $35.38 billion. E.On had a return on equity of 12.71% and a net margin of 4.58%. Research analysts forecast that E.On will post 1.25 EPS for the current fiscal year.

About E.On

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.