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

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

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, Royal Bank of Canada raised shares of E.On from a sector perform rating to an outperform rating in a research note on Wednesday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $12.00.

Shares of E.On (EONGY) opened at $11.16 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.90 and a current ratio of 0.93. E.On has a 52 week low of $6.70 and a 52 week 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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