Enel (OTCMKTS:ENLAY) Raised to "Hold" at Hsbc Global Res

Key Points

• Enel has received a "hold" rating upgrade from HSBC Global Research, following a series of downgrades from other analysts, indicating a shift in market sentiment towards a more cautious outlook.
• The company's recent earnings report showed an earnings per share of $0.16, which was below analysts' expectations, while revenue significantly exceeded forecasts at $25.72 billion for the quarter.
• As of the latest trading, Enel's stock was priced at $9.48, with a market capitalization of $96.38 billion and a debt-to-equity ratio of 1.16.

Enel (OTCMKTS:ENLAY - Get Free Report) was upgraded by stock analysts at Hsbc Global Res to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. HSBC cut shares of Enel from a "buy" rating to a "hold" rating in a research report on Tuesday. BNP Paribas cut shares of Enel from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Zacks Research cut shares of Enel from a "strong-buy" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Enel Stock Performance

ENLAY opened at $9.48 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.87 and a quick ratio of 0.80. The firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $8.95. Enel has a 1 year low of $6.82 and a 1 year high of $9.72. The stock has a market cap of $96.38 billion, a P/E ratio of 14.36, a P/E/G ratio of 4.90 and a beta of 0.96.

Enel (OTCMKTS:ENLAY - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $25.72 billion during the quarter, compared to analyst estimates of $21.20 billion. Enel had a net margin of 7.78% and a return on equity of 12.56%. Equities research analysts anticipate that Enel will post 0.71 earnings per share for the current year.

Enel Company Profile

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.

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