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UBS Group Downgrades E.On (OTCMKTS:EONGY) to Hold

E.On logo with Utilities background

UBS Group downgraded shares of E.On (OTCMKTS:EONGY - Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Separately, DZ Bank cut shares of E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd.

Read Our Latest Stock Analysis on EONGY

E.On Price Performance

Shares of OTCMKTS:EONGY traded up $0.07 during trading on Tuesday, hitting $17.52. 106,054 shares of the stock were exchanged, compared to its average volume of 243,673. The company has a market cap of $45.76 billion, a PE ratio of 9.47, a P/E/G ratio of 6.32 and a beta of 0.80. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average price of $15.33 and a two-hundred day moving average price of $13.35. E.On has a 12-month low of $10.65 and a 12-month high of $17.92.

About E.On

(Get Free Report)

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.

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