Zacks Research Downgrades RWE (OTCMKTS:RWEOY) to Strong Sell

RWE (OTCMKTS:RWEOY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

RWEOY has been the topic of several other research reports. BNP Paribas Exane set a $53.30 target price on RWE and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Citigroup downgraded shares of RWE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.30.

RWE Price Performance

Shares of OTCMKTS:RWEOY opened at $63.39 on Thursday. RWE has a 52 week low of $29.24 and a 52 week high of $64.58. The company’s 50 day moving average is $54.79 and its two-hundred day moving average is $48.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.21.

RWE (OTCMKTS:RWEOY) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.66. RWE had a net margin of 10.82% and a return on equity of 5.42%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $4.48 billion. On average, analysts expect that RWE will post 3.18 earnings per share for the current year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak?load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.