Enel SpA (OTCMKTS:ENLAY) Stock Rated “Reduce” by Sell-Side Analysts

Enel SpA (OTCMKTS:ENLAY) has earned a consensus rating of “Reduce” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company.

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st.

Enel Trading Up 0.1%

OTCMKTS:ENLAY opened at $10.00 on Friday. The stock has a market cap of $101.67 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.90 and a beta of 0.81. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average price is $10.88 and its 200-day moving average price is $11.12. Enel has a 52 week low of $9.21 and a 52 week high of $12.13.

Enel (OTCMKTS:ENLAY) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.93 billion. On average, equities research analysts forecast that Enel will post 0.84 earnings per share for the current fiscal year.

About Enel

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Founded in 1962 as Italy’s national electricity utility, the company has evolved into an integrated power and energy-services provider with operations spanning electricity generation, distribution and retail supply.

Enel develops and operates renewable energy projects, including wind, solar, hydropower and geothermal facilities, through its Enel Green Power business. It also manages electricity distribution networks, supplies power and gas to residential and business customers, and provides energy-related services such as electric-vehicle charging and solutions to support energy efficiency and electrification.

Enel serves customers and operates infrastructure across Europe and the Americas, with activities in markets including Italy, Spain, Brazil, Chile, Colombia and the United States.