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

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

Several analysts have commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. Barclays reaffirmed an “overweight” rating on shares of Enel in a research note on Tuesday, February 24th. Finally, Morgan Stanley downgraded Enel from an “underweight” rating to an “underweight” rating in a research note on Friday, May 1st.

Enel Stock Up 1.6%

ENLAY opened at $11.48 on Wednesday. The business has a 50 day moving average price of $11.33 and a two-hundred day moving average price of $10.96. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.16. The company has a market cap of $116.71 billion, a PE ratio of 15.11, a P/E/G ratio of 3.53 and a beta of 0.81. Enel has a 52 week low of $8.70 and a 52 week high of $12.14.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. As a group, research analysts anticipate that Enel will post 0.85 EPS for the current 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.