Endesa (OTCMKTS:ELEZY) Trading Down 1.2% – Here’s Why

Shares of Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) were down 1.2% during trading on Wednesday . The company traded as low as $17.70 and last traded at $18.09. Approximately 13,185 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 18,658 shares. The stock had previously closed at $18.31.

Analyst Upgrades and Downgrades

ELEZY has been the topic of several recent research reports. Royal Bank Of Canada cut Endesa from a “moderate buy” rating to a “strong sell” rating in a report on Wednesday, November 19th. HSBC downgraded Endesa to a “hold” rating in a research report on Tuesday, October 7th. Morgan Stanley restated an “underweight” rating on shares of Endesa in a report on Thursday, October 30th. Hsbc Global Res downgraded Endesa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Zacks Research cut shares of Endesa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Endesa has a consensus rating of “Reduce”.

Endesa Trading Down 1.2%

The firm has a fifty day moving average of $17.82 and a 200-day moving average of $16.29.

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.