Endesa (OTCMKTS:ELEZY) Stock Price Down 1.2% – Should You Sell?

Shares of Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) dropped 1.2% during trading on Wednesday . The stock traded as low as $17.70 and last traded at $18.09. Approximately 13,185 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 18,658 shares. The stock had previously closed at $18.31.

Analysts Set New Price Targets

Several research analysts recently issued reports on ELEZY shares. Royal Bank Of Canada downgraded Endesa from a “moderate buy” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Kepler Capital Markets cut Endesa from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Zacks Research cut Endesa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Sanford C. Bernstein downgraded Endesa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, HSBC lowered Endesa to a “hold” rating in a research note on Tuesday, October 7th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Endesa Stock Down 1.2%

The company has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $16.29.

About Endesa

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.