E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) from a buy rating to a hold rating in a research report report published on Monday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently commented on EONGY. Macquarie upgraded shares of AGL Energy from an underperform rating to a neutral rating in a research report on Monday, June 17th. Goldman Sachs Group cut shares of E.ON SE Sponsored ADR (Germany) from a buy rating to a neutral rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. E.ON SE Sponsored ADR (Germany) has an average rating of Hold and a consensus price target of $12.00.

OTCMKTS EONGY opened at $10.58 on Monday. E.ON SE Sponsored ADR has a 12 month low of $9.48 and a 12 month high of $11.45. The company has a market cap of $22.75 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.47 and a beta of 0.88. The business’s 50 day moving average price is $10.86. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.47 and a current ratio of 1.50.

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.

Further Reading: Accumulation/Distribution

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