E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) Raised to Hold at Zacks Investment Research
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. “
Several other equities analysts have also recently weighed in on EONGY. JPMorgan Chase & Co. cut E.ON SE Sponsored ADR (Germany) from a neutral rating to an underweight rating in a research report on Wednesday, July 31st. Macquarie started coverage on E.ON SE Sponsored ADR (Germany) in a research report on Monday, June 17th. They set a neutral rating for the company. Kepler Capital Markets reissued a hold rating on shares of E.ON SE Sponsored ADR (Germany) in a research report on Tuesday. Finally, Goldman Sachs Group cut E.ON SE Sponsored ADR (Germany) from a neutral rating to a sell rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $12.00.
E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). E.ON SE Sponsored ADR (Germany) had a return on equity of 12.25% and a net margin of 3.07%. The business had revenue of $7.60 billion for the quarter. As a group, research analysts expect that E.ON SE Sponsored ADR will post 0.77 EPS for the current fiscal year.
About E.ON SE Sponsored ADR (Germany)
E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.
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