Enel SpA (OTCMKTS:ENLAY) Given Average Rating of “Reduce” by Analysts

Enel SpA (OTCMKTS:ENLAY) has received an average recommendation of “Reduce” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company.

ENLAY has been the topic of several recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Enel in a report on Tuesday, February 24th. Morgan Stanley cut Enel from an “underweight” rating to an “underweight” rating in a report on Friday, May 1st. Finally, Citigroup reissued a “neutral” rating on shares of Enel in a report on Tuesday, May 19th.

Enel Stock Performance

OTCMKTS:ENLAY opened at $11.25 on Wednesday. The business’s 50-day moving average price is $11.31 and its two-hundred day moving average price is $11.00. Enel has a twelve month low of $8.70 and a twelve month high of $12.14. The stock has a market cap of $114.38 billion, a P/E ratio of 14.80, a PEG ratio of 3.49 and a beta of 0.81. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.16.

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

About Enel

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.