E.On (OTCMKTS:EONGY) Rating Lowered to Neutral at Bank of America

E.On (OTCMKTS:EONGY) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat.com reports.

EONGY has been the subject of a number of other reports. Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Wednesday, December 3rd. Zacks Research raised E.On from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, Wall Street Zen lowered E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, E.On presently has an average rating of “Moderate Buy”.

E.On Stock Performance

Shares of E.On stock opened at $20.90 on Thursday. The stock has a fifty day simple moving average of $19.33 and a 200 day simple moving average of $18.74. E.On has a 12-month low of $11.79 and a 12-month high of $21.60. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $21.43 billion. E.On had a return on equity of 11.86% and a net margin of 3.61%. Sell-side analysts expect that E.On will post 1.16 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.