Enel (OTCMKTS:ENLAY) Stock Passes Above 50 Day Moving Average - What's Next?

Key Points

• Technical breakout: Enel shares crossed above their 50-day moving average ($11.23), trading as high as $11.72 and last at $11.53 on volume of 325,793, with the 200-day MA at $10.75.
• Analyst consensus: The stock's average rating is "Reduce" (1 Buy, 6 Hold, 2 Sell), with recent notes ranging from Barclays' "Overweight" to Citigroup's "Neutral."
• Fundamentals: Enel has a $117.2B market cap, P/E of 17.2 and PEG of 3.67, but shows tight liquidity (current ratio 0.72, quick ratio 0.65) and a debt-to-equity of 1.22.

Shares of Enel SpA (OTCMKTS:ENLAY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.23 and traded as high as $11.72. Enel shares last traded at $11.53, with a volume of 325,793 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup reiterated a "neutral" rating on shares of Enel in a research note on Wednesday, February 4th. Barclays reiterated an "overweight" rating on shares of Enel in a research note on Tuesday, February 24th. Finally, Morgan Stanley downgraded Enel from an "underweight" rating to an "underweight" rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce".

Enel Stock Performance

The company's 50-day simple moving average is $11.23 and its 200 day simple moving average is $10.75. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 1.22. The stock has a market cap of $117.22 billion, a P/E ratio of 17.21, a PEG ratio of 3.67 and a beta of 0.83.

About Enel

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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