Endesa (OTCMKTS:ELEZY) Stock Price Down 1.2% – Time to Sell?

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY)’s share price fell 1.2% on Monday . The company traded as low as $17.65 and last traded at $17.68. 16,837 shares changed hands during trading, a decline of 2% from the average session volume of 17,096 shares. The stock had previously closed at $17.8950.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Endesa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Morgan Stanley reissued an “underweight” rating on shares of Endesa in a report on Thursday, October 30th. Sanford C. Bernstein cut Endesa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. HSBC cut shares of Endesa to a “hold” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada downgraded shares of Endesa from a “moderate buy” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Endesa has an average rating of “Reduce”.

Endesa Stock Down 1.2%

The business’s fifty day moving average is $17.11 and its 200-day moving average is $15.95.

Endesa Company Profile

Endesa, SA engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, Morocco, Italy, the United Kingdom, Singapore, and internationally. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar.