E.On (OTCMKTS:EONGY) Rating Increased to Strong-Buy at Berenberg Bank

E.On (OTCMKTS:EONGY - Get Free Report) was upgraded by analysts at Berenberg Bank to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

EONGY has been the topic of a number of other research reports. UBS Group lowered E.On from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 29th. Oddo Bhf cut E.On to a "neutral" rating in a report on Thursday, May 15th. DZ Bank lowered E.On from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup upgraded E.On to a "hold" rating in a research report on Wednesday, May 28th. Finally, Barclays downgraded 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

E.On Price Performance

Shares of EONGY stock traded up $0.24 during mid-day trading on Thursday, reaching $18.77. The stock had a trading volume of 108,160 shares, compared to its average volume of 342,517. The company has a market cap of $49.02 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 4.73 and a beta of 0.78. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. E.On has a 12-month low of $10.65 and a 12-month high of $18.80. The business has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $14.69.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its earnings results 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. E.On had a net margin of 5.41% and a return on equity of 13.05%. The company had revenue of $28.28 billion during the quarter. On average, sell-side analysts anticipate that E.On will post 1.16 earnings per share for the current year.

About E.On

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.