E.On (OTCMKTS:EONGY) Downgraded by Bank of America to Neutral

E.On (OTCMKTS:EONGY) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Thursday.

A number of other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Zacks Research raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of E.On in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

E.On Stock Up 0.1%

Shares of EONGY opened at $21.27 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. E.On has a 1-year low of $11.79 and a 1-year high of $21.60. The firm has a 50 day simple moving average of $19.21 and a 200-day simple moving average of $18.71.

E.On (OTCMKTS:EONGY) last released its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a return on equity of 11.86% and a net margin of 3.61%.The company had revenue of $18.51 billion for the quarter, compared to analysts’ expectations of $21.43 billion. Analysts anticipate that E.On will post 1.16 earnings per share for the current year.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.