Enel (OTCMKTS:ENLAY) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Enel (OTCMKTS:ENLAY) released its earnings results on Thursday. The utilities provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01, Zacks reports.

Enel Stock Performance

OTCMKTS:ENLAY remained flat at $10.91 during mid-day trading on Thursday. The company had a trading volume of 334,268 shares, compared to its average volume of 526,991. Enel has a 12 month low of $9.62 and a 12 month high of $12.13. The company has a quick ratio of 0.63, a current ratio of 0.71 and a debt-to-equity ratio of 1.14. The company has a market cap of $108.42 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.88 and a beta of 0.74. The stock has a fifty day moving average of $10.23 and a two-hundred day moving average of $10.98.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Enel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Enel

Enel S.p.A. is an Italian energy company headquartered in Rome. Established in 1962 as Italy’s national electricity utility, it has since expanded into an international business serving customers across Europe and the Americas. The company generates and sells electricity and supplies natural gas. Its activities also include operating electricity distribution networks and developing renewable energy projects through its Enel Green Power business, which focuses on sources such as wind, solar, hydroelectric and geothermal power.