Enel (OTCMKTS:ENLAY) Shares Gap Up – What’s Next?

Enel SpA (OTCMKTS:ENLAY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.23, but opened at $11.89. Enel shares last traded at $11.32, with a volume of 8,580 shares changing hands.

Analysts Set New Price Targets

ENLAY has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Enel presently has a consensus rating of “Reduce”.

Enel Stock Performance

The stock’s fifty day simple moving average is $11.32 and its two-hundred day simple moving average is $11.19. The company has a market cap of $115.19 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 3.50 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.80.

Enel (OTCMKTS:ENLAY) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $26.61 billion. Equities research analysts anticipate that Enel SpA will post 0.85 EPS for the current 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.