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

Enel SpA (OTCMKTS:ENLAY) has earned an average rating of “Reduce” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company.

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

Enel Trading Down 1.8%

OTCMKTS:ENLAY opened at $11.15 on Thursday. The stock has a market capitalization of $113.36 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 3.54 and a beta of 0.81. Enel has a 52 week low of $8.97 and a 52 week high of $12.13. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $11.36 and a 200 day moving average of $11.25.

Enel (OTCMKTS:ENLAY) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.93 billion. As a group, sell-side analysts anticipate that Enel will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enel

A hedge fund recently bought a new position in Enel stock. X Square Capital LLC purchased a new stake in shares of Enel SpA (OTCMKTS:ENLAY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,127 shares of the utilities provider’s stock, valued at approximately $181,000.

About Enel

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.