Enel SpA (OTCMKTS:ENLAY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Enel SpA (OTCMKTS:ENLAY) have been given a consensus rating of “Reduce” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.

A number of analysts have weighed in on the company. Royal Bank Of Canada cut Enel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Morgan Stanley cut Enel from an “overweight” rating to an “underweight” rating in a research note on Wednesday, December 3rd. Oddo Bhf lowered shares of Enel to a “neutral” rating in a research report on Friday, November 14th. Sanford C. Bernstein cut shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Barclays restated an “overweight” rating on shares of Enel in a research note on Thursday, December 11th.

Enel Stock Performance

Shares of ENLAY opened at $10.83 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.17. Enel has a 52-week low of $6.84 and a 52-week high of $11.24. The firm’s fifty day moving average is $10.35 and its two-hundred day moving average is $9.73.

Enel (OTCMKTS:ENLAY) last announced its earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share 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. Equities analysts predict that Enel will post 0.71 earnings per share for the current fiscal year.

About Enel

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.