Enel (OTCMKTS:ENLAY) Sets New 1-Year High – Here’s What Happened

Shares of Enel SpA (OTCMKTS:ENLAY) hit a new 52-week high on Saturday . The stock traded as high as $10.55 and last traded at $10.54, with a volume of 302019 shares traded. The stock had previously closed at $10.38.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. HSBC cut Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Sanford C. Bernstein cut shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Zacks Research lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Oddo Bhf cut shares of Enel to a “neutral” rating in a report on Friday, November 14th. Finally, Hsbc Global Res raised shares of Enel to a “hold” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Enel presently has an average rating of “Reduce”.

Enel Price Performance

The firm has a market capitalization of $107.16 billion, a PE ratio of 15.73, a P/E/G ratio of 6.26 and a beta of 0.81. The firm’s fifty day moving average price is $10.23 and its 200 day moving average price is $9.63. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.17.

Enel (OTCMKTS:ENLAY) last issued its earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Enel had a return on equity of 12.66% and a net margin of 7.91%.The business had revenue of $21.98 billion for the quarter, compared to analysts’ expectations of $18.81 billion. As a group, equities analysts forecast that Enel SpA will post 0.71 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.