E.ON SE Sponsored ADR (Germany) (EONGY) Cut to Sell at Zacks Investment Research

E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

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. “

EONGY has been the topic of several other reports. Jefferies Financial Group cut shares of E.ON SE Sponsored ADR (Germany) from a “hold” rating to an “underperform” rating in a research report on Wednesday, February 6th. ValuEngine raised E.ON SE Sponsored ADR (Germany) from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. E.ON SE Sponsored ADR (Germany) currently has a consensus rating of “Hold” and an average price target of $11.00.

E.ON SE Sponsored ADR (Germany) stock traded down $0.01 during mid-day trading on Friday, reaching $10.87. The company’s stock had a trading volume of 51,035 shares, compared to its average volume of 120,653. The company has a market cap of $23.52 billion, a PE ratio of 14.49, a P/E/G ratio of 1.83 and a beta of 1.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.84 and a quick ratio of 1.78. E.ON SE Sponsored ADR has a twelve month low of $9.48 and a twelve month high of $11.68.

E.ON SE Sponsored ADR (Germany) Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

Further Reading: Closed-End Mutual Funds (CEFs)

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