Rating Worth Mentioning: HSBC Securities Reports Upgrade of E.ON AG (ADR) (PK:EONGY) from Reduce to Hold Rating

November 28, 2016 - By Nellie Frank

Rating Worth Mentioning:  HSBC Securities Reports Upgrade of E.ON AG (ADR) (PK:EONGY) from Reduce to Hold Rating

E.ON AG (ADR) (PK:EONGY) Upgrade

In analysts note published on Monday, 28 November, HSBC Securities has increased E.ON AG (ADR) (PK:EONGY) stock to a Hold. EONGY’s old rating was Reduce.

E.ON SE (ADR) (OTCMKTS:EONGY) Ratings Coverage

Out of 5 analysts covering E.On AG (PK:EONGY), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. E.On AG has been the topic of 5 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Citigroup downgraded the stock to “Sell” rating in Wednesday, November 16 report. The stock of E.ON SE (ADR) (OTCMKTS:EONGY) earned “Buy” rating by Jefferies on Thursday, December 3. The firm earned “Buy” rating on Friday, September 18 by Investec. Societe Generale downgraded E.ON SE (ADR) (OTCMKTS:EONGY) on Tuesday, November 17 to “Hold” rating. The stock of E.ON SE (ADR) (OTCMKTS:EONGY) has “Sector Perform” rating given on Friday, September 11 by RBC Capital Markets.

About 196,512 shares traded hands. E.ON SE (ADR) (PK:EONGY) has declined 35.94% since April 25, 2016 and is downtrending. It has underperformed by 41.95% the S&P500.

Analysts await E.ON SE (ADR) (OTCMKTS:EONGY) to report earnings on March, 8.

E.ON SE is a provider of energy solutions. The company has a market cap of $13.20 billion. The Company’s divisions include global units and regional units. It has a 2.21 P/E ratio. The Company’s global units include Generation, which consists of the Company’s conventional 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.

According to Zacks Investment Research, “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.”

EONGY Company Profile

E.ON SE, incorporated on November 15, 2012, is a well-known provider of energy solutions. The Company’s divisions 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. The Company’s regional units include the United Kingdom; Germany; Sweden; Czechia; Hungary; Other regional units, including France, Benelux, Slovakia, Romania and Italy; Other EU Countries; Russia; Other Non-EU countries; Non-EU countries.

More recent E.ON SE (ADR) (OTCMKTS:EONGY) news were published by: Businessfinancenews.com which released: “E.ON SE, Statoil to Develop Arkona Wind Farm” on April 26, 2016. Also Seekingalpha.com published the news titled: “E.ON Should Continue To Outperform (EONGY)” on March 11, 2015. Seekingalpha.com‘s news article titled: “Estimating E.ON’s Intrinsic Value” with publication date: October 07, 2014 was also an interesting one.

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