E.On (OTCMKTS:EONGY) Stock Rating Lowered by Wall Street Zen

E.On (OTCMKTS:EONGY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently commented on EONGY. Zacks Research raised E.On from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Citigroup restated a “neutral” rating on shares of E.On in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

E.On Stock Up 0.8%

Shares of OTCMKTS EONGY opened at $19.92 on Wednesday. The company has a 50 day simple moving average of $18.45 and a 200 day simple moving average of $18.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. E.On has a 1 year low of $11.01 and a 1 year high of $20.02. The firm has a market cap of $51.60 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 5.69 and a beta of 0.81.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The business had revenue of $18.51 billion during the quarter, compared to analyst estimates of $21.43 billion. On average, research analysts forecast that E.On will post 1.16 EPS for the current year.

About E.On

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.