Enel SpA (OTCMKTS:ENLAY) Stock Now Rated “Reduce” by Sell-Side Brokerages

Enel SpA (OTCMKTS:ENLAY) has earned an average rating of “Reduce” from the eight research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st.

Enel Price Performance

OTCMKTS ENLAY opened at $10.00 on Friday. The company has a 50-day moving average price of $10.88 and a 200-day moving average price of $11.12. Enel has a 52 week low of $9.21 and a 52 week high of $12.13. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $101.67 billion, a P/E ratio of 12.99, a PEG ratio of 1.90 and a beta of 0.81.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Equities research analysts anticipate that Enel will post 0.84 earnings per share for the current year.

About Enel

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Founded in 1962 as Italy’s national electricity utility, the company has evolved into an integrated power and energy-services provider with operations spanning electricity generation, distribution and retail supply.

Enel develops and operates renewable energy projects, including wind, solar, hydropower and geothermal facilities, through its Enel Green Power business. It also manages electricity distribution networks, supplies power and gas to residential and business customers, and provides energy-related services such as electric-vehicle charging and solutions to support energy efficiency and electrification.

Enel serves customers and operates infrastructure across Europe and the Americas, with activities in markets including Italy, Spain, Brazil, Chile, Colombia and the United States.