DZ Bank Downgrades E.On (OTCMKTS:EONGY) to Strong Sell

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

Several other brokerages also recently commented on EONGY. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Citigroup reissued a “neutral” rating on shares of E.On in a research note on Friday, February 6th. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 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, Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

E.On Stock Performance

Shares of OTCMKTS EONGY opened at $23.28 on Thursday. E.On has a 1 year low of $12.77 and a 1 year high of $23.48. The firm has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $19.11. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79.

E.On (OTCMKTS:EONGY) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. E.On had a return on equity of 12.27% and a net margin of 2.20%.The firm had revenue of $24.95 billion for the quarter. As a group, research analysts anticipate 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.