Barclays Downgrades E.On (OTCMKTS:EONGY) to Hold

E.On (OTCMKTS:EONGY - Get Free Report) was downgraded by investment analysts at Barclays from a "strong-buy" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of E.On in a report on Thursday, May 15th. Citigroup raised E.On to a "hold" rating in a research note on Wednesday, May 28th. UBS Group cut E.On from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 29th. Oddo Bhf lowered shares of E.On to a "neutral" rating in a report on Thursday, May 15th. Finally, DZ Bank lowered shares of E.On from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

E.On Price Performance

Shares of EONGY stock traded up $0.06 on Wednesday, reaching $17.49. The company had a trading volume of 85,063 shares, compared to its average volume of 364,924. The business's 50-day moving average is $17.12 and its 200 day moving average is $14.16. E.On has a one year low of $10.65 and a one year high of $18.11. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $45.68 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 6.32 and a beta of 0.78.

E.On (OTCMKTS:EONGY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $28.28 billion during the quarter. E.On had a net margin of 2.20% and a return on equity of 7.45%. Equities research analysts forecast that E.On will post 1.16 EPS for the current fiscal year.

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.