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

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

A number of research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Thursday, December 11th. Hsbc Global Res raised Enel to a “hold” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada cut Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. HSBC downgraded Enel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Zacks Research cut Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th.

Enel Price Performance

Shares of ENLAY stock opened at $10.58 on Friday. Enel has a 12 month low of $6.84 and a 12 month high of $11.24. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $9.76.

Enel (OTCMKTS:ENLAY) last announced its earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $18.81 billion. Research analysts predict that Enel will post 0.71 EPS for the current year.

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.