Enel SpA (OTCMKTS:ENLAY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Enel SpA (OTCMKTS:ENLAY) have been given an average rating of “Reduce” by the nine analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company.

Several brokerages recently weighed in on ENLAY. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Citigroup reaffirmed a “neutral” rating on shares of Enel in a research report on Tuesday. Finally, Morgan Stanley cut shares of Enel from an “underweight” rating to an “underweight” rating in a research report on Friday, May 1st.

Enel Price Performance

Shares of OTCMKTS ENLAY opened at $11.25 on Friday. Enel has a fifty-two week low of $8.70 and a fifty-two week high of $12.14. The stock has a market cap of $114.38 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.55 and a beta of 0.83. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.65 and a current ratio of 0.72. The firm’s 50-day simple moving average is $11.22 and its 200 day simple moving average is $10.85.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Enel had a net margin of 7.91% and a return on equity of 12.66%. The business had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $26.61 billion. As a group, research analysts anticipate that Enel will post 0.85 earnings per share 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.