RWE (OTCMKTS:RWEOY) Stock Dropped to Hold by Zacks Research

Key Points

• Zacks Research downgraded RWE from “strong buy” to “hold,” while the broader analyst consensus is also “hold.” Three analysts rate the stock a buy, compared with five assigning hold ratings.
• RWE shares opened at $64.19, below their 50-day moving average of $66.74 and 200-day moving average of $65.48. The stock has traded between $48.49 and $74.10 over the past year and carries a market capitalization of approximately $46.61 billion.
• RWE is a Germany-based energy company focused on electricity generation, trading and renewable projects, including wind, solar, battery storage and flexible conventional power generation.

RWE (OTCMKTS:RWEOY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday, Zacks reports.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of RWE in a research note on Monday, August 17th. Royal Bank Of Canada reiterated an "outperform" rating on shares of RWE in a research note on Monday, August 17th. Citigroup reissued a "neutral" rating on shares of RWE in a research note on Wednesday, July 29th. Finally, Morgan Stanley restated an "overweight" rating on shares of RWE in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

RWE Stock Performance

OTCMKTS RWEOY opened at $64.19 on Thursday. The business has a 50-day moving average price of $66.74 and a 200-day moving average price of $65.48. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 0.34. RWE has a twelve month low of $48.49 and a twelve month high of $74.10. The firm has a market cap of $46.61 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58.

RWE Company Profile

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON's renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.