E.On (OTCMKTS:EONGY) Upgraded by Berenberg Bank to "Strong-Buy" Rating

E.On (OTCMKTS:EONGY - Get Free Report) was upgraded by equities researchers at Berenberg Bank to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the company. UBS Group lowered E.On from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 29th. Citigroup raised shares of E.On to a "hold" rating in a research note on Wednesday, May 28th. Morgan Stanley restated an "overweight" rating on shares of E.On in a report on Thursday, May 15th. Oddo Bhf downgraded shares of E.On to a "neutral" rating in a report on Thursday, May 15th. Finally, Barclays cut shares of E.On from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

E.On Stock Up 0.3%

Shares of OTCMKTS EONGY opened at $18.36 on Thursday. The stock has a market capitalization of $47.95 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 4.72 and a beta of 0.78. E.On has a 52 week low of $10.65 and a 52 week high of $18.54. The firm has a 50-day moving average price of $17.57 and a 200 day moving average price of $14.62. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.40.

E.On (OTCMKTS:EONGY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $28.28 billion during the quarter. E.On had a net margin of 5.41% and a return on equity of 13.05%. Equities research analysts anticipate 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.

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