Enel SpA (OTCMKTS:ENLAY) Receives Consensus Rating of “Reduce” from Analysts

Shares of Enel SpA (OTCMKTS:ENLAY) have been given an average recommendation of “Reduce” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company.

Several brokerages have recently issued reports on ENLAY. HSBC cut shares of Enel from a “buy” rating to a “hold” rating in a report on Tuesday, October 7th. Hsbc Global Res upgraded shares of Enel to a “hold” rating in a research report on Tuesday, October 7th. Zacks Research cut Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Royal Bank Of Canada downgraded shares of Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Finally, Oddo Bhf downgraded Enel to a “neutral” rating in a research note on Friday, November 14th.

Enel Stock Performance

Shares of Enel stock opened at $10.38 on Friday. 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 has a 50 day moving average of $10.36 and a 200 day moving average of $9.75. Enel has a 52-week low of $6.84 and a 52-week high of $11.24.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Enel had a net margin of 7.91% and a return on equity of 12.66%. The business had revenue of $21.98 billion during the quarter, compared to analyst estimates of $18.81 billion. On average, research analysts predict that Enel will post 0.71 EPS 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.