Endesa (OTCMKTS:ELEZY) Reaches New 12-Month High – Still a Buy?

Shares of Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.07 and last traded at $25.04, with a volume of 55051 shares changing hands. The stock had previously closed at $24.55.

Analysts Set New Price Targets

ELEZY has been the subject of a number of recent research reports. Zacks Research cut Endesa from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of Endesa in a report on Wednesday, July 1st. Finally, Citigroup reiterated a “sell” rating on shares of Endesa in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Endesa currently has a consensus rating of “Strong Sell”.

Endesa Trading Up 1.4%

The firm’s fifty day moving average is $23.89 and its 200-day moving average is $22.25.

About Endesa

Endesa, SA is a Spanish energy company engaged in the generation, distribution and sale of electricity, as well as the marketing of natural gas and related energy services. Its generation portfolio includes renewable energy, hydroelectric, nuclear and thermal power facilities, with the company continuing to expand its solar and wind capabilities as part of the energy transition.

Endesa serves residential, commercial and industrial customers primarily in Spain and Portugal. Through its distribution and retail operations, the company manages electricity networks, supplies energy and provides services related to energy efficiency, electric mobility and other customer energy needs.

Founded in 1944, Endesa has historically been one of Spain’s major electricity producers and has played a significant role in the development of the country’s power infrastructure.