E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) Downgraded to Underweight at JPMorgan Chase & Co.

E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Wednesday, July 31st, The Fly reports.

Several other brokerages have also commented on EONGY. Macquarie began coverage on E.ON SE Sponsored ADR (Germany) in a research report on Monday, June 17th. They issued a “neutral” rating for the company. Goldman Sachs Group lowered E.ON SE Sponsored ADR (Germany) from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 14th. Finally, Zacks Investment Research lowered E.ON SE Sponsored ADR (Germany) from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. E.ON SE Sponsored ADR (Germany) has a consensus rating of “Hold” and a consensus target price of $12.00.

OTCMKTS EONGY traded up $0.01 during mid-day trading on Wednesday, reaching $8.94. 327,876 shares of the company’s stock traded hands, compared to its average volume of 142,534. E.ON SE Sponsored ADR has a 1-year low of $8.91 and a 1-year high of $11.35. The company has a fifty day simple moving average of $10.05 and a 200-day simple moving average of $10.67. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 1.06. The company has a market cap of $19.55 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 3.10 and a beta of 0.85.

E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $7.60 billion during the quarter. E.ON SE Sponsored ADR (Germany) had a return on equity of 12.25% and a net margin of 3.07%. Equities research analysts forecast that E.ON SE Sponsored ADR will post 0.79 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY)

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