Enel (OTCMKTS:ENLAY) Announces Quarterly Earnings Results

Enel (OTCMKTS:ENLAY) posted its earnings results on Thursday. The utilities provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01, Zacks reports.

Enel Price Performance

Shares of Enel stock traded up $0.07 during trading on Friday, hitting $10.98. 31,530 shares of the company were exchanged, compared to its average volume of 524,881. Enel has a fifty-two week low of $9.62 and a fifty-two week high of $12.13. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average price of $10.24 and a 200 day moving average price of $10.98. The stock has a market capitalization of $109.11 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.87 and a beta of 0.74.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Enel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Enel

Enel S.p.A. is an Italian energy company headquartered in Rome. Established in 1962 as Italy’s national electricity utility, it has since expanded into an international business serving customers across Europe and the Americas. The company generates and sells electricity and supplies natural gas. Its activities also include operating electricity distribution networks and developing renewable energy projects through its Enel Green Power business, which focuses on sources such as wind, solar, hydroelectric and geothermal power.