Enel SpA (OTCMKTS:ENLAY) Given Average Recommendation of “Reduce” by Brokerages

Shares of Enel SpA (OTCMKTS:ENLAY) have earned an average rating of “Reduce” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company.

A number of equities research analysts have issued reports on ENLAY shares. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Sanford C. Bernstein lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Citigroup restated a “neutral” rating on shares of Enel in a research note on Wednesday, February 4th.

Enel Stock Performance

ENLAY opened at $11.22 on Friday. The company has a market cap of $114.07 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 3.54 and a beta of 0.83. The stock has a 50-day moving average of $11.05 and a 200-day moving average of $10.41. Enel has a 52-week low of $7.37 and a 52-week high of $12.14. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.72 and a current ratio of 0.81.

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.