Enel SpA (OTCMKTS:ENLAY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Enel SpA (OTCMKTS:ENLAY) have been given an average recommendation of “Reduce” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company.

Several equities analysts recently issued reports on the company. Barclays reissued an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Citigroup reiterated a “neutral” rating on shares of Enel in a research note on Wednesday, February 4th. Finally, Sanford C. Bernstein lowered Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th.

Enel Stock Performance

Shares of Enel stock opened at $11.22 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. Enel has a 12-month low of $7.37 and a 12-month high of $12.14. The firm has a market capitalization of $114.07 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 3.54 and a beta of 0.83. The firm’s 50 day simple moving average is $11.06 and its two-hundred day simple moving average is $10.44.

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.