Zacks Investment Research Lowers E.On (EONGY) to Hold

Zacks Investment Research downgraded shares of E.On (OTCMKTS:EONGY) from a buy rating to a hold rating in a research report released on Tuesday.

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 downgraded shares of E.On from a buy rating to a hold rating in a report on Friday, January 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $12.00.

E.On (OTCMKTS EONGY) traded up $0.13 during trading on Tuesday, reaching $10.89. 241,871 shares of the company’s stock were exchanged, compared to its average volume of 94,537. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.05 and a quick ratio of 1.00. E.On has a 1 year low of $7.20 and a 1 year high of $12.49.

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E.On Company Profile

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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