Enel SpA (OTCMKTS:ENLAY) Receives Average Rating of “Buy” from Brokerages

Shares of Enel SpA (OTCMKTS:ENLAYGet Rating) have earned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.38.

A number of research analysts recently issued reports on ENLAY shares. Jefferies Financial Group upgraded shares of Enel from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. UBS Group lowered their target price on shares of Enel from €9.50 ($10.00) to €9.00 ($9.47) in a research note on Friday, April 29th. Morgan Stanley lowered their target price on shares of Enel from €9.00 ($9.47) to €7.20 ($7.58) in a research note on Friday, March 11th. Credit Suisse Group lowered their target price on shares of Enel from €9.20 ($9.68) to €8.30 ($8.74) in a research note on Thursday, February 24th. Finally, Zacks Investment Research upgraded shares of Enel from a “sell” rating to a “hold” rating in a research report on Friday.

OTCMKTS:ENLAY traded down $0.12 during midday trading on Tuesday, reaching $6.16. The stock had a trading volume of 1,374,430 shares, compared to its average volume of 1,287,654. Enel has a 1-year low of $5.89 and a 1-year high of $10.26. The firm’s fifty day simple moving average is $6.49 and its 200-day simple moving average is $7.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.87 and a quick ratio of 0.82. The stock has a market capitalization of $62.63 billion, a P/E ratio of 22.00 and a beta of 0.68.

About Enel (Get Rating)

Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines.

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