Barclays Downgrades E.On (OTCMKTS:EONGY) to Hold

E.On (OTCMKTS:EONGY) was downgraded by equities research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. UBS Group cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 29th. Oddo Bhf cut shares of E.On to a “neutral” rating in a research note on Thursday, May 15th. Citigroup upgraded shares of E.On to a “hold” rating in a research note on Wednesday, May 28th. DZ Bank cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of E.On in a research note on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, E.On currently has an average rating of “Hold”.

E.On Stock Down 0.3%

Shares of EONGY opened at $17.59 on Wednesday. The stock has a market cap of $45.94 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 6.32 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. E.On has a 12 month low of $10.65 and a 12 month high of $18.11. The company has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $14.08.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $28.28 billion during the quarter. E.On had a net margin of 2.20% and a return on equity of 7.45%. Equities analysts predict that E.On will post 1.16 EPS for the current fiscal year.

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.