Enel SpA (OTCMKTS:ENLAY) Given Consensus Recommendation of “Reduce” by Analysts

Enel SpA (OTCMKTS:ENLAYGet Free Report) has been assigned an average recommendation of “Reduce” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company.

Several analysts have recently weighed in on ENLAY shares. Citigroup reaffirmed a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st.

Check Out Our Latest Analysis on Enel

Enel Stock Down 0.1%

Shares of OTCMKTS:ENLAY opened at $11.46 on Thursday. The firm has a market capitalization of $116.51 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 3.58 and a beta of 0.81. The business has a 50 day simple moving average of $11.34 and a two-hundred day simple moving average of $11.22. Enel has a 1 year low of $8.92 and a 1 year high of $12.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.72.

Enel (OTCMKTS:ENLAYGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.93 billion. On average, equities analysts predict that Enel will post 0.85 EPS for the current year.

About Enel

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Enel (OTCMKTS:ENLAY)

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