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

Shares of Enel SpA (OTCMKTS:ENLAY) have been assigned an average rating of “Reduce” from the nine analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.

ENLAY has been the subject of a number of analyst reports. Barclays restated an “overweight” rating on shares of Enel in a research note on Tuesday, February 24th. Oddo Bhf downgraded shares of Enel to a “neutral” rating in a report on Friday, November 14th. Sanford C. Bernstein lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Royal Bank Of Canada downgraded shares of Enel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Finally, Morgan Stanley lowered shares of Enel from an “overweight” rating to an “underweight” rating in a research note on Wednesday, December 3rd.

Enel Stock Performance

Shares of OTCMKTS:ENLAY opened at $10.96 on Monday. The firm has a 50 day moving average of $10.99 and a 200 day moving average of $10.23. 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 52 week low of $7.37 and a 52 week high of $12.14.

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.