Enel SpA (OTCMKTS:ENLAY) Given Consensus Rating of “Reduce” by Brokerages

Enel SpA (OTCMKTS:ENLAY) has received a consensus rating of “Reduce” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several analysts have weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of Enel in a research note on Tuesday, February 24th. Morgan Stanley cut shares of Enel from an “underweight” rating to an “underweight” rating in a research note on Friday, May 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th.

Enel Stock Performance

OTCMKTS ENLAY opened at $11.20 on Friday. The stock has a market cap of $113.87 billion, a P/E ratio of 14.74, a PEG ratio of 3.48 and a beta of 0.83. The company’s 50-day simple moving average is $11.24 and its 200 day simple moving average is $10.88. Enel has a twelve month low of $8.70 and a twelve month high of $12.14. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 1.22.

Enel (OTCMKTS:ENLAY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $26.61 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. As a group, research analysts forecast that Enel will post 0.85 earnings per share for the current fiscal year.

Enel Company Profile

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.