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

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

Several equities analysts have issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Enel in a research report on Wednesday, February 4th. Oddo Bhf downgraded Enel to a “neutral” rating in a research note on Friday, November 14th. Sanford C. Bernstein lowered Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Royal Bank Of Canada downgraded Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Finally, Barclays restated an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th.

Enel Stock Down 0.4%

Shares of Enel stock opened at $10.95 on Monday. Enel has a 52-week low of $7.20 and a 52-week high of $12.14. 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 company’s 50-day simple moving average is $10.95 and its 200-day simple moving average is $10.20.

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.