Enel (ENLAY) Expected to Announce Earnings on Thursday

Enel (OTCMKTS:ENLAY) is anticipated to post its results before the market opens on Thursday, March 19th. Analysts expect Enel to post earnings of $0.1657 per share and revenue of $24.3599 billion for the quarter.

Enel Stock Down 0.9%

ENLAY opened at $10.96 on Thursday. The firm has a 50 day simple moving average of $10.99 and a 200 day simple moving average of $10.23. Enel has a fifty-two week low of $7.37 and a fifty-two week high of $12.14. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.81 and a quick ratio of 0.72.

Wall Street Analysts Forecast Growth

ENLAY has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of Enel in a report on Wednesday, February 4th. Oddo Bhf downgraded shares of Enel to a “neutral” rating in a research report on Friday, November 14th. Sanford C. Bernstein lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Morgan Stanley cut shares of Enel from an “overweight” rating to an “underweight” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada downgraded shares of Enel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.