Endesa (OTCMKTS:ELEZY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Endesa (OTCMKTS:ELEZY) to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Hsbc Global Res cut Endesa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. HSBC cut shares of Endesa to a “hold” rating in a research report on Tuesday, October 7th. Morgan Stanley reissued an “underweight” rating on shares of Endesa in a research note on Thursday, October 30th. Royal Bank Of Canada lowered Endesa from a “moderate buy” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Finally, Kepler Capital Markets lowered Endesa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Endesa Stock Performance

Shares of OTCMKTS:ELEZY opened at $17.86 on Wednesday. The stock’s 50-day moving average is $18.05 and its 200 day moving average is $16.73. Endesa has a 1 year low of $10.89 and a 1 year high of $18.95.

About Endesa

Endesa, SA is one of the leading electric utility companies in Spain, serving residential, commercial, and industrial customers. The company’s core activities include the generation, distribution and supply of electricity, along with the sale of natural gas. Endesa operates a diverse energy portfolio encompassing hydroelectric, nuclear, coal-fired and renewable power plants, reflecting a strategic commitment to decarbonization and the integration of green energy sources.

In electricity generation, Endesa manages an extensive network of power stations across Spain and Portugal, leveraging its scale to optimize production costs and ensure grid reliability.