Enel SpA (OTCMKTS:ENLAY) Stock Now Rated “Reduce” by Sell-Side Analysts

Enel SpA (OTCMKTS:ENLAY) has been assigned a consensus recommendation of “Reduce” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company.

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st.

Enel Stock Down 2.0%

OTCMKTS:ENLAY opened at $9.67 on Friday. The stock has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $11.09. Enel has a 52-week low of $9.39 and a 52-week high of $12.13. The company has a market cap of $98.31 billion, a PE ratio of 12.56, a PEG ratio of 1.69 and a beta of 0.77. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.71.

Enel (OTCMKTS:ENLAY) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.93 billion. On average, sell-side analysts expect that Enel will post 0.84 EPS for the current fiscal year.

Enel Company Profile

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Established in 1962 as Italy’s national electricity authority, Enel was transformed into a joint-stock company and progressively expanded internationally following the liberalization of Italy’s electricity market. The company serves customers through operations spanning electricity generation, power distribution and energy retail.

Enel develops and operates renewable and conventional power-generation assets, with a strong focus on wind, solar, hydropower and geothermal energy.