E.On (OTCMKTS:EONGY – Get Free Report) was upgraded by stock analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
A number of other analysts have also recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a research report on Thursday. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Wall Street Zen cut shares of E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Zacks Research cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Bank of America downgraded shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, E.On currently has an average rating of “Hold”.
View Our Latest Research Report on EONGY
E.On Stock Down 2.4%
E.On (OTCMKTS:EONGY – Get Free Report) last announced its earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. E.On had a net margin of 4.58% and a return on equity of 12.71%. The business had revenue of $25.55 billion during the quarter, compared to the consensus estimate of $35.38 billion. Sell-side analysts predict that E.On will post 1.25 EPS 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.
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