Endesa (OTCMKTS:ELEZY) Reaches New 12-Month High – Still a Buy?

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.07 and last traded at $25.04, with a volume of 55051 shares trading hands. The stock had previously closed at $24.55.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ELEZY shares. Citigroup reiterated a “sell” rating on shares of Endesa in a research report on Tuesday, May 19th. Zacks Research cut Endesa from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Morgan Stanley restated an “underweight” rating on shares of Endesa in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Endesa has an average rating of “Strong Sell”.

Endesa Stock Performance

The stock’s 50 day moving average is $23.89 and its two-hundred day moving average is $22.25.

Endesa Company Profile

Endesa, SA is a Spanish energy company engaged in the generation, distribution and sale of electricity, as well as the marketing of natural gas and related energy services. Its generation portfolio includes renewable energy, hydroelectric, nuclear and thermal power facilities, with the company continuing to expand its solar and wind capabilities as part of the energy transition.

Endesa serves residential, commercial and industrial customers primarily in Spain and Portugal. Through its distribution and retail operations, the company manages electricity networks, supplies energy and provides services related to energy efficiency, electric mobility and other customer energy needs.

Founded in 1944, Endesa has historically been one of Spain’s major electricity producers and has played a significant role in the development of the country’s power infrastructure.