UBS AG Downgrades E.ON AG to Sell (EONGY)
E.ON AG (NASDAQ:EONGY) was downgraded by equities researchers at UBS AG from a “neutral” rating to a “sell” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of E.ON AG (NASDAQ:EONGY) traded down 0.37% on Thursday, hitting $18.811. 30,608 shares of the company’s stock traded hands. E.ON AG has a 52-week low of $15.28 and a 52-week high of $24.32. The stock has a 50-day moving average of $17.82 and a 200-day moving average of $17.17. The company has a market cap of $35.868 billion and a price-to-earnings ratio of 11.62.
A number of other firms have also recently commented on EONGY. Analysts at BNP Paribas upgraded shares of E.ON AG from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 7th. Separately, analysts at Societe Generale downgraded shares of E.ON AG from a “hold” rating to a “sell” rating in a research note to investors on Thursday, September 19th. Finally, analysts at Deutsche Bank upgraded shares of E.ON AG from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, July 30th. Seven research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Sell”.
E.ON AG is a Germany-based provider of energy solutions. The Company manages the E.ON Group, which consists of five global units and 12 regional units.
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