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

Shares of Enel SpA (OTCMKTS:ENLAY) have been given an average recommendation of “Reduce” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company.

ENLAY has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. HSBC lowered Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Hsbc Global Res raised Enel to a “hold” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada downgraded Enel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Finally, Morgan Stanley lowered Enel from an “overweight” rating to an “underweight” rating in a report on Wednesday, December 3rd.

Enel Trading Up 1.4%

Shares of ENLAY stock opened at $10.83 on Friday. The business’s fifty day moving average price is $10.35 and its 200 day moving average price is $9.73. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.17. Enel has a 1-year low of $6.84 and a 1-year high of $11.24.

Enel (OTCMKTS:ENLAY) last issued its earnings results on Thursday, November 13th. The utilities provider reported $0.19 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 company had revenue of $21.98 billion for the quarter, compared to analysts’ expectations of $18.81 billion. On average, sell-side analysts anticipate that Enel will post 0.71 earnings per share 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.