E.On (OTCMKTS:EONGY) Stock Rating Lowered by Zacks Investment Research

E.On (OTCMKTS:EONGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, January 9th.

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. “

Separately, ValuEngine lowered shares of E.On from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.00.

Shares of E.On (EONGY) traded down $0.21 on Tuesday, hitting $10.26. 110,155 shares of the company’s stock traded hands, compared to its average volume of 119,943. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.60. E.On has a one year low of $7.20 and a one year high of $12.49.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.05 EPS for the quarter. analysts anticipate that E.On will post 0.74 earnings per share for the current fiscal year.

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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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