E.On (OTCMKTS:EONGY) Cut to Hold at Barclays

E.On (OTCMKTS:EONGY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently weighed in on EONGY. UBS Group downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of E.On in a research note on Thursday, May 15th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Thursday, May 15th. Citigroup upgraded shares of E.On to a “hold” rating in a research report on Wednesday, May 28th. Finally, Oddo Bhf downgraded shares of E.On to a “neutral” rating in a research report on Thursday, May 15th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, E.On has a consensus rating of “Hold”.

E.On Price Performance

EONGY stock opened at $17.59 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. E.On has a 12 month low of $10.65 and a 12 month high of $18.11. The firm has a market cap of $45.94 billion, a P/E ratio of 9.66, a P/E/G ratio of 6.32 and a beta of 0.80. The company’s 50-day moving average price is $17.04 and its two-hundred day moving average price is $14.08.

E.On (OTCMKTS:EONGY) last released its earnings results on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. E.On had a net margin of 2.20% and a return on equity of 7.45%. The firm had revenue of $28.28 billion for the quarter. On average, analysts anticipate that E.On will post 1.16 earnings per share for the current fiscal year.

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.