Vonovia (OTCMKTS:VONOY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Vonovia (OTCMKTS:VONOY – Free Report) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Vonovia currently has an average rating of “Moderate Buy”.

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Vonovia Stock Up 0.6%

Shares of OTCMKTS VONOY opened at $11.56 on Monday. The stock’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $13.01. Vonovia has a 52-week low of $11.26 and a 52-week high of $17.05. The stock has a market capitalization of $19.62 billion, a P/E ratio of 4.00 and a beta of 1.23.

Vonovia (OTCMKTS:VONOY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. Vonovia had a return on equity of 15.40% and a net margin of 61.85%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.01 billion. On average, analysts anticipate that Vonovia will post 0.97 EPS for the current year.

About Vonovia

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Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.

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