Zacks Investment Research Upgrades E.On (EONGY) to Buy

E.On (OTCMKTS:EONGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $12.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 7.43% from the company’s current price.

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. “

Shares of E.On (OTCMKTS:EONGY) traded up $0.19 during trading on Friday, reaching $11.17. 123,679 shares of the company were exchanged, compared to its average volume of 94,056. E.On has a one year low of $6.99 and a one year high of $12.49. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.60.

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About E.On

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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