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

Shares of Enel SpA (OTCMKTS:ENLAY) have received a consensus rating of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company.

ENLAY has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st.

Enel Stock Performance

OTCMKTS:ENLAY opened at $10.93 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.71 and a quick ratio of 0.63. The firm has a 50-day moving average of $11.32 and a 200-day moving average of $11.25. The company has a market cap of $111.12 billion, a PE ratio of 14.19, a PEG ratio of 3.41 and a beta of 0.81. Enel has a one year low of $8.97 and a one year high of $12.13.

Enel (OTCMKTS:ENLAY) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.93 billion. As a group, equities research analysts expect that Enel will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Enel

A hedge fund recently bought a new stake in Enel stock. X Square Capital LLC bought a new position in Enel SpA (OTCMKTS:ENLAY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,127 shares of the utilities provider’s stock, valued at approximately $181,000.

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.