E.On Se (NASDAQ:EONGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a 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. “
Separately, HSBC upgraded shares of E.On Se from a “reduce” rating to a “hold” rating in a report on Monday.
E.On Se (NASDAQ:EONGY) traded down 0.076% during trading on Monday, reaching $6.555. The company had a trading volume of 262,099 shares. The firm has a 50-day moving average price of $7.09 and a 200 day moving average price of $8.83. E.On Se has a 12-month low of $6.38 and a 12-month high of $10.83.
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.