Enel (OTCMKTS:ENLAY) Shares Gap Up – Should You Buy?

Enel SpA (OTCMKTS:ENLAY) shares gapped up before the market opened on Monday . The stock had previously closed at $11.23, but opened at $11.89. Enel shares last traded at $11.32, with a volume of 8,580 shares.

Analysts Set New Price Targets

ENLAY has been the topic of a number of research reports. Citigroup reissued a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Enel Stock Performance

The stock has a 50-day simple moving average of $11.32 and a 200-day simple moving average of $11.19. The company has a market capitalization of $115.19 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 3.50 and a beta of 0.81. 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 released its earnings results 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 firm had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $26.61 billion. On average, analysts anticipate that Enel SpA will post 0.85 earnings per share 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.