Enel SpA (OTCMKTS:ENLAY) Given Consensus Rating of “Reduce” by Brokerages

Enel SpA (OTCMKTS:ENLAY) has received a consensus rating of “Reduce” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada cut shares of Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Hsbc Global Res upgraded Enel to a “hold” rating in a research note on Tuesday, October 7th. Zacks Research cut Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Oddo Bhf downgraded Enel to a “neutral” rating in a research report on Friday, November 14th. Finally, HSBC cut shares of Enel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 7th.

Enel Stock Up 0.1%

Shares of Enel stock opened at $10.32 on Wednesday. The company’s 50-day moving average price is $10.17 and its 200-day moving average price is $9.58. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.81 and a quick ratio of 0.72. Enel has a 12-month low of $6.84 and a 12-month high of $10.55.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Enel had a net margin of 7.91% and a return on equity of 12.66%. The firm had revenue of $21.98 billion for the quarter, compared to analysts’ expectations of $18.81 billion. As a group, research analysts expect that Enel will post 0.71 earnings per share for the current year.

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.