Zacks Investment Research Downgrades E.On Se (EONGY) to Sell

E.On Se (NASDAQ:EONGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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. “

Other research analysts have also issued reports about the company. HSBC Holdings plc raised E.On Se from a “reduce” rating to a “hold” rating in a research report on Monday, November 28th. Societe Generale raised E.On Se from a “hold” rating to a “buy” rating in a research report on Tuesday, November 29th. Finally, Royal Bank of Canada lowered E.On Se from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. E.On Se has an average rating of “Hold”.

E.On Se (NASDAQ:EONGY) traded up 1.52% on Monday, hitting $7.70. The stock had a trading volume of 179,556 shares. The company has a 50-day moving average price of $7.63 and a 200-day moving average price of $7.45. The stock’s market capitalization is $15.03 billion. E.On Se has a 52 week low of $6.38 and a 52 week high of $10.81.

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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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