Enel SpA (OTCMKTS:ENLAY) Given Average Recommendation of “Reduce” by Brokerages

Shares of Enel SpA (OTCMKTS:ENLAY) have received an average rating of “Reduce” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company.

Several equities analysts have recently issued reports on the company. Oddo Bhf downgraded Enel to a “neutral” rating in a research report on Friday, November 14th. Sanford C. Bernstein lowered Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. HSBC lowered Enel from a “buy” rating to a “hold” rating in a report on Tuesday, October 7th. Morgan Stanley downgraded shares of Enel from an “overweight” rating to an “underweight” rating in a report on Wednesday, December 3rd. Finally, Barclays reiterated an “overweight” rating on shares of Enel in a research report on Thursday, December 11th.

Enel Trading Up 0.1%

ENLAY opened at $10.32 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $10.17 and its 200 day moving average price is $9.59. Enel has a fifty-two week low of $6.84 and a fifty-two week high of $10.55.

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 the consensus estimate of $0.23 by ($0.04). Enel had a return on equity of 12.66% and a net margin of 7.91%.The company had revenue of $21.98 billion during the quarter, compared to analyst estimates of $18.81 billion. Equities research analysts predict that Enel will post 0.71 EPS for the current fiscal year.

Enel Company Profile

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.