E.On (OTCMKTS:EONGY) Downgraded by DZ Bank to “Strong Sell”

E.On (OTCMKTS:EONGY) was downgraded by investment analysts at DZ Bank from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on EONGY. Zacks Research downgraded E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Berenberg Bank downgraded shares of E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Finally, Citigroup restated a “neutral” rating on shares of E.On in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

E.On Stock Performance

Shares of EONGY stock opened at $23.28 on Thursday. The company’s fifty day simple moving average is $20.56 and its two-hundred day simple moving average is $19.11. E.On has a 52 week low of $12.77 and a 52 week high of $23.48. 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 issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $24.95 billion during the quarter. E.On had a return on equity of 12.27% and a net margin of 2.20%. As a group, research analysts predict 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.