E.ON SE (EONGY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of E.ON SE (OTCMKTS:EONGY) from a hold rating to a sell rating in a research report released on Monday.

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. “

Several other equities research analysts have also commented on the company. Goldman Sachs Group Inc. lowered E.ON SE from a buy rating to a neutral rating in a research note on Wednesday, September 7th. JPMorgan Chase & Co. restated an overweight rating on shares of E.ON SE in a research note on Tuesday, June 21st. Finally, Barclays PLC upgraded E.ON SE from an equal weight rating to an overweight rating in a research note on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $11.00.

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

Shares of E.ON SE (OTCMKTS:EONGY) opened at 7.14 on Monday. E.ON SE has a 1-year low of $6.93 and a 1-year high of $11.00. The company’s 50-day moving average price is $8.90 and its 200 day moving average price is $9.65. The company’s market cap is $13.94 billion.

E.ON SE Company Profile

E.ON SE is a provider of energy solutions. The Company’s segments include global units and regional units. The Company’s global units include Generation, which consists of the Company’s conventional (fossil and nuclear) generation assets in Europe; Renewables, which includes its carbon-sourcing and renewables businesses; Global Commodities, which buys and sells electricity, natural gas, liquefied natural gas (LNG), oil, coal, freight, biomass and carbon allowances, and Exploration & Production, which includes the Company’s exploration and production business in the focus regions, North Sea (the United Kingdom and Norway) and Russia.

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