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

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

Several equities analysts recently commented on the stock. Morgan Stanley lowered shares of Enel from an “underweight” rating to an “underweight” rating in a research report on Friday. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Enel in a research report on Wednesday, February 4th.

Enel Stock Performance

ENLAY stock opened at $11.26 on Tuesday. The firm has a market cap of $114.48 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 3.64 and a beta of 0.83. The firm has a 50-day simple moving average of $11.21 and a two-hundred day simple moving average of $10.71. Enel has a one year low of $8.34 and a one year high of $12.14. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.65 and a current ratio of 0.72.

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.