Enel SpA (OTCMKTS:ENLAY) Given Average Recommendation of “Reduce” by Brokerages

Enel SpA (OTCMKTS:ENLAY) has earned an average recommendation of “Reduce” from the nine research firms that are presently covering the company, 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.

ENLAY has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. Barclays restated an “overweight” rating on shares of Enel in a report on Tuesday, February 24th. Finally, Morgan Stanley cut Enel from an “underweight” rating to an “underweight” rating in a report on Friday, May 1st.

Enel Stock Performance

Shares of ENLAY stock opened at $11.48 on Wednesday. The company has a market cap of $116.71 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 3.53 and a beta of 0.81. The stock has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $10.96. Enel has a 12-month low of $8.70 and a 12-month high of $12.14. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.16.

Enel (OTCMKTS:ENLAY) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Enel had a return on equity of 12.66% and a net margin of 7.91%. On average, equities analysts forecast that Enel will post 0.85 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.