RWE (OTCMKTS:RWEOY) Stock Rating Lowered by Zacks Research

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

RWEOY has been the subject of a number of other reports. Citigroup reissued a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of RWE in a report on Monday, August 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of RWE in a research report on Monday, August 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, RWE currently has a consensus rating of “Hold”.

RWE Trading Down 2.2%

OTCMKTS:RWEOY opened at $64.19 on Thursday. The company has a 50-day moving average price of $66.74 and a 200-day moving average price of $65.48. The stock has a market cap of $46.61 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 1.16 and a beta of 0.58. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. RWE has a 12 month low of $48.49 and a 12 month high of $74.10.

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.