E.On Se (OTCMKTS:EONGY) Given Average Rating of “Hold” by Brokerages

E.On Se (OTCMKTS:EONGY) has been given an average recommendation of “Hold” by the ten brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company.

A number of equities research analysts have recently issued reports on the company. Zacks Research cut E.On from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Citigroup reissued a “neutral” rating on shares of E.On in a report on Friday, February 6th. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Bank of America lowered E.On from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Finally, DZ Bank cut E.On from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th.

E.On Stock Up 0.3%

OTCMKTS:EONGY opened at $22.36 on Friday. The firm’s fifty day moving average price is $21.16 and its two-hundred day moving average price is $19.34. E.On has a one year low of $13.99 and a one year 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 posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $24.95 billion during the quarter. E.On had a net margin of 2.20% and a return on equity of 12.27%. On average, analysts anticipate 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.