E.On (OTCMKTS:EONGY) Cut to “Neutral” at Bank of America

Bank of America lowered shares of E.On (OTCMKTS:EONGY) from a buy rating to a neutral rating in a report released on Thursday morning, MarketBeat Ratings reports.

Other analysts have also issued research reports about the stock. Zacks Research upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Finally, Citigroup reiterated a “neutral” rating on shares of E.On in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, E.On presently has an average rating of “Hold”.

E.On Stock Up 1.3%

E.On stock opened at $20.90 on Thursday. The business’s 50-day moving average price is $19.33 and its 200 day moving average price is $18.74. E.On has a 52 week low of $11.79 and a 52 week high of $21.60. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last posted its earnings results 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 company had revenue of $18.51 billion during the quarter, compared to analyst estimates of $21.43 billion. E.On had a net margin of 3.61% and a return on equity of 11.86%. Sell-side analysts predict that E.On will post 1.16 EPS for the current fiscal 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.