E.On Se (EONGY) Lowered to “Hold” at Zacks Investment Research

E.On Se (NASDAQ:EONGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada upgraded shares of E.On Se from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Berenberg Bank upgraded shares of E.On Se from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Shares of E.On Se (NASDAQ EONGY) traded down 1.90% during trading on Tuesday, reaching $11.35. 66,202 shares of the company’s stock traded hands. E.On Se has a 52-week low of $6.38 and a 52-week high of $11.64. The company’s market cap is $24.60 billion. The company’s 50-day moving average is $10.83 and its 200 day moving average is $9.09.

E.On Se (NASDAQ:EONGY) last announced its earnings results on Wednesday, August 9th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.24. E.On Se had a net margin of 36.24% and a return on equity of 538.90%. The business had revenue of $10.01 billion during the quarter.

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About E.On Se

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.

Analyst Recommendations for E.On Se (NASDAQ:EONGY)

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