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

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

A number of equities research analysts recently commented on ENLAY shares. Morgan Stanley lowered shares of Enel from an “underweight” rating to an “underweight” rating in a report on Friday, May 1st. Barclays restated an “overweight” rating on shares of Enel in a report on Tuesday, February 24th. Finally, Citigroup restated a “neutral” rating on shares of Enel in a report on Tuesday, May 19th.

Enel Trading Down 2.5%

Shares of OTCMKTS ENLAY opened at $11.13 on Friday. Enel has a twelve month low of $8.70 and a twelve month high of $12.14. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 1.22. The company’s fifty day moving average is $11.24 and its 200-day moving average is $10.87. The stock has a market cap of $113.16 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 3.56 and a beta of 0.83.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Enel had a return on equity of 12.66% and a net margin of 7.91%.The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $26.61 billion. Equities research analysts predict that Enel will post 0.85 EPS for the current year.

About Enel

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.