RWE (OTCMKTS:RWEOY) Downgraded by Zacks Research to Hold

Zacks Research cut shares of RWE (OTCMKTS:RWEOY) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks reports.

RWEOY has been the topic of a number of other research reports. Citigroup restated a “neutral” rating on shares of RWE in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of RWE in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a research report on Monday, August 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

RWE Stock Performance

OTCMKTS RWEOY opened at $64.19 on Thursday. RWE has a 52-week low of $48.49 and a 52-week high of $74.10. The company has a fifty day moving average of $66.74 and a 200-day moving average of $65.48. The company has a market capitalization of $46.61 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 1.35.

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.