RWE Aktiengesellschaft (OTCMKTS:RWEOY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of RWE Aktiengesellschaft (OTCMKTS:RWEOY) from a hold rating to a sell rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “RWE AG is among Europe’s five largest utilities. RWE is active in the generation and transmission as well as the sale and trading of electricity and gas. RWE is also active in the water business in Continental Europe. This integrated business model gives them a good position from which to take advantage of the rising demand for energy. RWE is the biggest power producer in Germany and No. 2 in the UK. RWE continues to expand its position in Central and South-Eastern Europe. Their comprehensive power plant portfolio and investment programme for the modernization and construction of new generation capacity are the basis for growing earnings in the future. RWE’s gas and oil production business is displaying above-average growth. In light of ever-higher global demand, RWE will steadily increase the share of gas it produces in-house. “

Several other brokerages also recently weighed in on RWEOY. Deutsche Bank Aktiengesellschaft restated a buy rating on shares of RWE Aktiengesellschaft in a research note on Thursday, December 2nd. Credit Suisse Group lifted their price objective on shares of RWE Aktiengesellschaft from €39.00 ($44.32) to €39.10 ($44.43) and gave the stock an outperform rating in a research note on Tuesday, December 14th. Royal Bank of Canada reiterated an outperform rating on shares of RWE Aktiengesellschaft in a research note on Wednesday, November 17th. Cheuvreux upgraded shares of RWE Aktiengesellschaft from a hold rating to a buy rating in a research note on Thursday, November 18th. Finally, Morgan Stanley reiterated an overweight rating on shares of RWE Aktiengesellschaft in a research note on Monday, October 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $41.05.

Shares of RWEOY opened at $41.60 on Wednesday. RWE Aktiengesellschaft has a twelve month low of $33.51 and a twelve month high of $45.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.30. The company has a 50 day moving average of $38.88 and a two-hundred day moving average of $37.88.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last announced its earnings results on Thursday, November 11th. The utilities provider reported $0.27 earnings per share for the quarter. The company had revenue of $5.67 billion during the quarter. RWE Aktiengesellschaft had a net margin of 12.87% and a return on equity of 2.56%. Equities analysts expect that RWE Aktiengesellschaft will post 2.16 EPS for the current fiscal year.

About RWE Aktiengesellschaft

RWE AG is a holding company, which engages in the generation, transmission, distribution, and trading of electricity and gas. It operates through the following segments: Lignite & Nuclear, European Power, Supply & Trading, Operations Acquired from E.ON and innogy. The Lignite & Nuclear segment covers electricity generation in Germany using lignite and nuclear power.

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