Zacks Investment Research downgraded shares of E.On (OTCMKTS:EONGY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
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. “
E.On (OTCMKTS:EONGY) traded up $0.08 during midday trading on Wednesday, hitting $11.01. 158,876 shares of the stock traded hands, compared to its average volume of 85,484. E.On has a 12-month low of $6.99 and a 12-month high of $12.49. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.00 and a current ratio of 1.05. The company has a market cap of $24,230.00, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.39.
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E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.
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