Enel (OTCMKTS:ENLAY) Hits New 52-Week High – Here’s Why

Enel SpA (OTCMKTS:ENLAY) hit a new 52-week high on Monday . The stock traded as high as $10.90 and last traded at $10.78, with a volume of 150854 shares. The stock had previously closed at $10.72.

Analyst Upgrades and Downgrades

ENLAY has been the topic of a number of recent research reports. HSBC lowered shares of Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Hsbc Global Res upgraded shares of Enel to a “hold” rating in a report on Tuesday, October 7th. Oddo Bhf cut shares of Enel to a “neutral” rating in a research report on Friday, November 14th. Zacks Research lowered Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada cut Enel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Enel Stock Up 1.0%

The business’s 50 day moving average is $10.29 and its 200 day moving average is $9.69. The stock has a market cap of $110.11 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 6.47 and a beta of 0.81. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.72 and a current ratio of 0.81.

Enel (OTCMKTS:ENLAY) last issued its earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $21.98 billion during the quarter, compared to analyst estimates of $18.81 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. Equities analysts expect that Enel SpA will post 0.71 earnings per share for the current year.

About Enel

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.