Enel (OTCMKTS:ENLAY) Reaches New 1-Year High – Still a Buy?

Shares of Enel SpA (OTCMKTS:ENLAY) hit a new 52-week high on Saturday . The stock traded as high as $10.55 and last traded at $10.54, with a volume of 302019 shares. The stock had previously closed at $10.38.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ENLAY. Zacks Research lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. HSBC lowered Enel from a “buy” rating to a “hold” rating in a report on Tuesday, October 7th. Morgan Stanley cut Enel from an “overweight” rating to an “underweight” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada lowered Enel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Finally, Sanford C. Bernstein downgraded Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Enel has an average rating of “Reduce”.

Enel Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.17. The firm’s fifty day moving average price is $10.23 and its 200-day moving average price is $9.64.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Enel had a return on equity of 12.66% and a net margin of 7.91%.The business had revenue of $21.98 billion for the quarter, compared to analyst estimates of $18.81 billion. On average, analysts anticipate that Enel SpA will post 0.71 earnings per share for the current 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.