Enel SpA (OTCMKTS:ENLAY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Enel SpA (OTCMKTS:ENLAY) have received a consensus recommendation of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company.

A number of research firms recently weighed in on ENLAY. Royal Bank Of Canada lowered shares of Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Oddo Bhf lowered shares of Enel to a “neutral” rating in a research report on Friday, November 14th. Sanford C. Bernstein cut shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Barclays restated an “overweight” rating on shares of Enel in a research report on Thursday, December 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Enel in a research report on Wednesday, February 4th.

Enel Price Performance

Shares of OTCMKTS:ENLAY opened at $11.54 on Thursday. Enel has a one year low of $6.98 and a one year high of $11.57. The firm has a market capitalization of $117.32 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 6.85 and a beta of 0.82. The company’s fifty day moving average price is $10.61 and its 200-day moving average price is $9.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.81 and a quick ratio of 0.72.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings data 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 company had revenue of $21.98 billion for the quarter, compared to the consensus estimate of $18.81 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. On average, equities research analysts anticipate that Enel will post 0.71 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.