Enel SpA (OTCMKTS:ENLAY) Given Consensus Rating of “Reduce” by Brokerages

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

Several analysts have recently commented on ENLAY shares. Citigroup reissued a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Enel in a report on Wednesday, July 1st.

Enel Stock Performance

Shares of Enel stock traded up $0.03 on Friday, reaching $11.53. 365,988 shares of the stock were exchanged, compared to its average volume of 292,911. The firm has a market capitalization of $117.22 billion, a PE ratio of 15.17, a PEG ratio of 3.60 and a beta of 0.81. Enel has a 1-year low of $8.70 and a 1-year high of $12.13. The business has a fifty day moving average price of $11.31 and a two-hundred day moving average price of $11.11. 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 announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $26.61 billion. As a group, research analysts anticipate that Enel will post 0.85 earnings per share for the current fiscal 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.