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

Enel SpA (OTCMKTS:ENLAY) has earned an average rating of “Reduce” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company.

Several research firms have recently commented on ENLAY. Morgan Stanley restated an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. Citigroup reiterated a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th.

Enel Stock Performance

ENLAY stock opened at $10.48 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.71 and a quick ratio of 0.63. Enel has a 1 year low of $9.00 and a 1 year high of $12.13. The company has a market cap of $106.55 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 3.27 and a beta of 0.81. The stock’s fifty day moving average price is $11.25 and its 200-day moving average price is $11.23.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.93 billion. On average, equities analysts forecast that Enel will post 0.85 earnings per share 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.