Endesa (OTCMKTS:ELEZY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Endesa (OTCMKTS:ELEZY) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the company. Sanford C. Bernstein cut Endesa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Endesa in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada cut Endesa to a “sector perform” rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Endesa Trading Up 1.0%

Shares of ELEZY opened at $15.65 on Wednesday. Endesa has a one year low of $10.12 and a one year high of $16.40. The stock has a 50 day moving average price of $15.22 and a 200 day moving average price of $14.69.

About Endesa

Endesa, SA engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, Morocco, Italy, the United Kingdom, Singapore, and internationally. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar.