Barclays Upgrades E.On (OTCMKTS:EONGY) to “Strong-Buy”

E.On (OTCMKTS:EONGY) was upgraded by research analysts at Barclays to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports.

E.On Stock Down 1.0 %

OTCMKTS EONGY opened at $14.95 on Friday. The stock’s 50 day moving average is $14.22 and its 200 day moving average is $13.77. E.On has a twelve month low of $11.07 and a twelve month high of $15.41. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 0.86.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter. E.On had a net margin of 2.18% and a return on equity of 8.31%. The company had revenue of $18.17 billion during the quarter. On average, equities analysts predict that E.On will post 1.23 earnings per share for the current fiscal year.

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.