Enel SpA (OTCMKTS:ENLAY) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Enel received a consensus “Reduce” rating from eight analysts: two rated it a sell, five a hold and one a buy. Morgan Stanley maintained an underweight rating, while Citigroup reiterated a neutral view.
• Enel shares opened at $10.93, within a 52-week range of $8.97 to $12.13. The company has a market capitalization of approximately $111.12 billion and trades at a P/E ratio of 14.19.
• Enel slightly exceeded quarterly expectations, reporting $0.21 in EPS versus the $0.20 consensus estimate and revenue of $23.96 billion against forecasts of $23.93 billion. Analysts expect full-year EPS of $0.85.

Enel SpA (OTCMKTS:ENLAY - Get Free Report) has been given a consensus rating of "Reduce" by the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company.

A number of research firms have commented on ENLAY. Morgan Stanley restated an "underweight" rating on shares of Enel in a report on Wednesday, July 1st. Citigroup reiterated a "neutral" rating on shares of Enel in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Enel stock. X Square Capital LLC acquired a new stake in Enel SpA (OTCMKTS:ENLAY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,127 shares of the utilities provider's stock, valued at approximately $181,000.

Enel Price Performance

Shares of ENLAY opened at $10.93 on Monday. Enel has a 52-week low of $8.97 and a 52-week high of $12.13. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.71. The business's 50 day moving average price is $11.32 and its two-hundred day moving average price is $11.25. The firm has a market cap of $111.12 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 3.41 and a beta of 0.81.

Enel (OTCMKTS:ENLAY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.93 billion. On average, equities analysts anticipate that Enel will post 0.85 EPS for the current year.

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.

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