Enel SpA (OTCMKTS:ENLAY) Given Consensus Rating of “Reduce” by Analysts

Shares of Enel SpA (OTCMKTS:ENLAY) have received an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

A number of research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. Morgan Stanley reissued an “underweight” rating on shares of Enel in a report on Wednesday, July 1st.

Enel Stock Down 0.1%

Enel stock opened at $11.46 on Thursday. Enel has a 12 month low of $8.92 and a 12 month high of $12.13. The stock has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $11.22. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.16. The firm has a market cap of $116.51 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 3.58 and a beta of 0.81.

Enel (OTCMKTS:ENLAY) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.93 billion. Equities analysts predict that Enel will post 0.85 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.