E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) from a hold rating to a sell rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “

EONGY has been the subject of several other research reports. Oddo Securities raised shares of E.ON SE Sponsored ADR (Germany) to a buy rating in a research note on Wednesday, September 18th. Goldman Sachs Group downgraded shares of E.ON SE Sponsored ADR (Germany) from a neutral rating to a sell rating in a research note on Wednesday, August 7th. Kepler Capital Markets downgraded shares of E.ON SE Sponsored ADR (Germany) from a hold rating to a reduce rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. downgraded shares of E.ON SE Sponsored ADR (Germany) from a neutral rating to an underweight rating in a research note on Wednesday, July 31st. Finally, Barclays raised shares of E.ON SE Sponsored ADR (Germany) from an equal weight rating to an overweight rating and set a $9.50 price objective for the company in a research note on Tuesday, August 27th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. E.ON SE Sponsored ADR (Germany) has an average rating of Hold and an average target price of $10.75.

OTCMKTS EONGY opened at $9.73 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $21.31 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 3.42 and a beta of 0.93. The firm’s 50 day simple moving average is $9.79 and its 200 day simple moving average is $10.16. E.ON SE Sponsored ADR has a 1 year low of $8.89 and a 1 year high of $11.35.

E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $7.60 billion for the quarter. E.ON SE Sponsored ADR (Germany) had a return on equity of 13.05% and a net margin of 3.07%. On average, equities research analysts forecast that E.ON SE Sponsored ADR will post 0.78 earnings per share for the current year.

About E.ON SE Sponsored ADR (Germany)

E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

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