Enel (OTCMKTS:ENLAY) Reaches New 12-Month High – Here’s Why

Enel SpA (OTCMKTS:ENLAY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $10.14 and last traded at $10.1120, with a volume of 139485 shares trading hands. The stock had previously closed at $10.07.

Analysts Set New Price Targets

ENLAY has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded Enel to a “hold” rating in a research report on Tuesday, October 7th. HSBC lowered Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Zacks Research lowered Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Enel presently has an average rating of “Hold”.

Enel Price Performance

The stock has a market cap of $102.68 billion, a P/E ratio of 15.30, a P/E/G ratio of 5.21 and a beta of 0.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 0.79. The business has a 50 day simple moving average of $9.47 and a 200-day simple moving average of $9.19.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $25.72 billion during the quarter, compared to the consensus estimate of $21.20 billion. Enel had a net margin of 7.78% and a return on equity of 12.47%. On average, sell-side analysts forecast that Enel SpA will post 0.71 EPS for the current year.

About Enel

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.