Enel SpA (OTCMKTS:ENLAY) Given Consensus Rating of “Reduce” by Brokerages

Shares of Enel SpA (OTCMKTS:ENLAY) have been given a consensus rating of “Reduce” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company.

A number of research analysts have recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. Morgan Stanley reissued an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st.

Enel Price Performance

Shares of OTCMKTS:ENLAY opened at $11.45 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.80. The firm has a fifty day moving average price of $11.32 and a 200 day moving average price of $11.15. Enel has a fifty-two week low of $8.70 and a fifty-two week high of $12.13. The firm has a market cap of $116.41 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 3.63 and a beta of 0.81.

Enel (OTCMKTS:ENLAY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $26.61 billion. As a group, sell-side analysts expect that Enel will post 0.85 earnings per share for the current fiscal 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.