E.On (OTCMKTS:EONGY) Raised to “Hold” at DZ Bank

E.On (OTCMKTS:EONGY) was upgraded by stock analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

EONGY has been the topic of a number of other reports. Citigroup reaffirmed a “neutral” rating on shares of E.On in a report on Friday, February 6th. Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Zacks Research downgraded E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Berenberg Bank lowered E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Bank of America cut E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

E.On Trading Down 2.4%

Shares of EONGY stock opened at $21.57 on Wednesday. E.On has a 52-week low of $16.68 and a 52-week high of $23.58. The stock has a market cap of $56.39 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 4.20 and a beta of 0.74. 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 fifty day moving average of $22.24 and a 200-day moving average of $20.49.

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