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

Zacks Investment Research downgraded shares of E.ON SE (OTCMKTS:EONGY) from a hold rating to a sell rating in a report published 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 recently weighed in on the stock. JPMorgan Chase & Co. restated an overweight rating on shares of E.ON SE in a research report on Tuesday, June 21st. Goldman Sachs Group Inc. cut shares of E.ON SE from a buy rating to a neutral rating in a research report on Wednesday, September 7th. Finally, Barclays PLC upgraded shares of E.ON SE from an equal weight rating to an overweight rating in a research report on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. E.ON SE has an average rating of Hold and an average target price of $11.00.

Shares of E.ON SE (OTCMKTS:EONGY) opened at 7.335 on Monday. The firm’s market cap is $14.32 billion. E.ON SE has a 12-month low of $6.93 and a 12-month high of $11.00. The stock’s 50 day moving average is $9.25 and its 200-day moving average is $9.71.

About E.ON SE

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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