Endesa (OTCMKTS:ELEZY) Rating Increased to Hold at Berenberg Bank

Endesa (OTCMKTS:ELEZY) was upgraded by investment analysts at Berenberg Bank to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. HSBC downgraded Endesa to a “hold” rating in a research report on Tuesday, October 7th. Kepler Capital Markets downgraded shares of Endesa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Hsbc Global Res cut shares of Endesa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Morgan Stanley restated an “underweight” rating on shares of Endesa in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lowered shares of Endesa from a “moderate buy” rating to a “strong sell” rating in a report on Wednesday, November 19th. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Endesa currently has a consensus rating of “Reduce”.

Endesa Price Performance

OTCMKTS:ELEZY opened at $17.79 on Wednesday. Endesa has a 12-month low of $10.89 and a 12-month high of $18.95. The firm has a 50-day moving average price of $18.07 and a 200 day moving average price of $16.71.

Endesa Company Profile

Endesa, SA is one of the leading electric utility companies in Spain, serving residential, commercial, and industrial customers. The company’s core activities include the generation, distribution and supply of electricity, along with the sale of natural gas. Endesa operates a diverse energy portfolio encompassing hydroelectric, nuclear, coal-fired and renewable power plants, reflecting a strategic commitment to decarbonization and the integration of green energy sources.

In electricity generation, Endesa manages an extensive network of power stations across Spain and Portugal, leveraging its scale to optimize production costs and ensure grid reliability.