Enel SpA (OTCMKTS:ENLAY – Get Rating) shares hit a new 52-week low during trading on Friday . The company traded as low as $4.43 and last traded at $4.45, with a volume of 1239193 shares. The stock had previously closed at $4.72.
Analyst Ratings Changes
A number of analysts have commented on ENLAY shares. HSBC lowered Enel from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Royal Bank of Canada boosted their price objective on Enel from €9.25 ($9.44) to €9.75 ($9.95) in a report on Monday, June 13th. Barclays decreased their price objective on Enel from €9.20 ($9.39) to €8.50 ($8.67) and set an “overweight” rating for the company in a report on Wednesday, June 22nd. Citigroup raised Enel from a “sell” rating to a “neutral” rating in a report on Monday, August 1st. Finally, DZ Bank lowered Enel from a “buy” rating to a “hold” rating and set a €5.30 ($5.41) target price for the company. in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.15.
Enel Trading Down 5.7 %
The firm has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $5.73. The firm has a market capitalization of $45.24 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.17 and a beta of 0.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.87 and a quick ratio of 0.82.
Enel Cuts Dividend
Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines.
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