Enel SpA (OTCMKTS:ENLAY) Receives Average Rating of “Reduce” from Brokerages

Enel SpA (OTCMKTS:ENLAY) has received an average rating of “Reduce” from the nine brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of equities research analysts have recently weighed in on ENLAY shares. Oddo Bhf lowered shares of Enel to a “neutral” rating in a report on Friday, November 14th. Morgan Stanley lowered shares of Enel from an “overweight” rating to an “underweight” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada downgraded Enel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Citigroup reaffirmed a “neutral” rating on shares of Enel in a report on Wednesday, February 4th. Finally, Sanford C. Bernstein cut shares of Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th.

Enel Stock Performance

ENLAY stock opened at $11.04 on Thursday. Enel has a 1 year low of $7.00 and a 1 year high of $11.57. The stock’s fifty day moving average price is $10.65 and its 200-day moving average price is $9.97. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market cap of $112.24 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 6.66 and a beta of 0.82.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The company had revenue of $21.98 billion during the quarter, compared to the consensus estimate of $18.81 billion. Enel had a return on equity of 12.66% and a net margin of 7.91%. On average, equities analysts forecast that Enel 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.