Endesa (OTCMKTS:ELEZY) Rating Lowered to “Hold” at Zacks Research

Endesa (OTCMKTS:ELEZY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on ELEZY. Citigroup reiterated a “sell” rating on shares of Endesa in a report on Tuesday, May 19th. Santander downgraded shares of Endesa to an “underperform” rating in a report on Friday, February 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of Endesa in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Endesa has an average rating of “Strong Sell”.

Endesa Trading Up 0.5%

OTCMKTS ELEZY opened at $20.83 on Monday. Endesa has a 12-month low of $14.33 and a 12-month high of $22.99. The firm’s 50 day moving average is $21.48 and its 200-day moving average is $19.63.

About Endesa

Endesa, SA is one of the leading electric utility companies in Spain, serving residential, commercial, and industrial customers. The company’s core activities include the generation, distribution and supply of electricity, along with the sale of natural gas. Endesa operates a diverse energy portfolio encompassing hydroelectric, nuclear, coal-fired and renewable power plants, reflecting a strategic commitment to decarbonization and the integration of green energy sources.

In electricity generation, Endesa manages an extensive network of power stations across Spain and Portugal, leveraging its scale to optimize production costs and ensure grid reliability.