Enel SpA (OTCMKTS:ENLAY) Receives Consensus Recommendation of “Reduce” from Analysts

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

A number of research analysts have recently commented on ENLAY shares. Citigroup reiterated a “neutral” rating on shares of Enel in a report on Wednesday, February 4th. Sanford C. Bernstein lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Barclays reiterated an “overweight” rating on shares of Enel in a research note on Tuesday, February 24th.

Enel Price Performance

Shares of OTCMKTS:ENLAY opened at $11.22 on Friday. The company has a market cap of $114.07 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 3.54 and a beta of 0.83. The business has a 50 day moving average price of $11.05 and a 200 day moving average price of $10.41. 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 twelve month low of $7.37 and a twelve month high of $12.14.

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.