Enel (ENLAY) to Release Quarterly Earnings on Thursday

Enel (OTCMKTS:ENLAY) is anticipated to release its results before the market opens on Thursday, March 19th. Analysts expect Enel to post earnings of $0.1657 per share and revenue of $24.3599 billion for the quarter.

Enel Price Performance

Shares of OTCMKTS:ENLAY opened at $11.10 on Tuesday. The company’s 50-day moving average price is $11.02 and its two-hundred day moving average price is $10.28. Enel has a one year low of $7.37 and a one year high of $12.14. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.81 and a quick ratio of 0.72.

Wall Street Analysts Forecast Growth

ENLAY has been the topic of a number of recent research reports. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Citigroup reissued a “neutral” rating on shares of Enel in a research report on Wednesday, February 4th. Morgan Stanley lowered Enel from an “overweight” rating to an “underweight” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada cut Enel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Finally, Sanford C. Bernstein downgraded Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

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.