Enel SpA (OTCMKTS:ENLAY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Enel SpA (OTCMKTS:ENLAY) have been assigned an average recommendation of “Reduce” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company.

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

Enel Stock Performance

Shares of ENLAY stock opened at $11.57 on Friday. The business’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $11.15. Enel has a one year low of $8.70 and a one year high of $12.13. The stock has a market capitalization of $117.63 billion, a PE ratio of 15.22, a PEG ratio of 3.61 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.72.

Enel (OTCMKTS:ENLAY) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $23.95 billion for the quarter, compared to analyst estimates of $26.61 billion. As a group, research 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.