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

Enel SpA (OTCMKTS:ENLAY) has earned an average recommendation of “Reduce” from the eight analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company.

ENLAY has been the subject of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. Morgan Stanley reissued an “underweight” rating on shares of Enel in a report on Wednesday, July 1st.

Enel Price Performance

Shares of ENLAY stock traded up $0.03 during midday trading on Friday, reaching $11.53. 365,988 shares of the company traded hands, compared to its average volume of 292,911. The firm’s 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $11.11. Enel has a 1-year low of $8.70 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. The firm has a market cap of $117.22 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $26.61 billion. On average, equities research analysts expect that Enel will post 0.85 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.