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

Enel SpA (OTCMKTS:ENLAY) has been assigned a consensus rating of “Reduce” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada cut Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Sanford C. Bernstein lowered Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Barclays restated an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Citigroup reiterated a “neutral” rating on shares of Enel in a research report on Wednesday, February 4th. Finally, Morgan Stanley cut shares of Enel from an “overweight” rating to an “underweight” rating in a research note on Wednesday, December 3rd.

Enel Trading Down 0.4%

ENLAY opened at $10.95 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.72 and a current ratio of 0.81. The stock’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.20. Enel has a 1-year low of $7.20 and a 1-year high of $12.14.

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.