Zacks Investment Research Upgrades E.On (EONGY) to Buy

E.On (OTCMKTS:EONGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, December 29th. The firm presently has a $12.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 10.19% from the stock’s current price.

According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “

Shares of E.On (OTCMKTS:EONGY) traded up $0.13 during midday trading on Friday, hitting $10.89. 241,871 shares of the stock traded hands, compared to its average volume of 102,748. The company has a market capitalization of $23,680.00, a P/E ratio of 7.36, a PEG ratio of 0.98 and a beta of 1.39. E.On has a 52-week low of $7.20 and a 52-week high of $12.49. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.60.

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About E.On

E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.

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