Enel (OTCMKTS:ENLAY) Hits New 1-Year High – Here’s Why

Enel SpA (OTCMKTS:ENLAY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $10.55 and last traded at $10.54, with a volume of 58101 shares traded. The stock had previously closed at $10.39.

Analyst Ratings Changes

ENLAY has been the subject of a number of recent research reports. Oddo Bhf lowered shares of Enel to a “neutral” rating in a research report on Friday. Zacks Research lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Royal Bank Of Canada downgraded Enel to an “underperform” rating in a research report on Wednesday. HSBC lowered Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Hsbc Global Res upgraded Enel to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Enel presently has an average rating of “Hold”.

Enel Trading Down 2.0%

The company’s 50-day moving average is $9.74 and its 200 day moving average is $9.34. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a market cap of $103.60 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 5.21 and a beta of 0.95.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $21.98 billion for the quarter, compared to analysts’ expectations of $18.81 billion. Enel had a net margin of 7.78% and a return on equity of 12.47%. Research analysts predict that Enel SpA will post 0.71 EPS for the current year.

About Enel

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.