Enel SpA (OTCMKTS:ENLAY) Given Average Recommendation of "Hold" by Analysts

Key Points

• Enel SpA has received a consensus rating of "Hold" from analysts, with four holding and one buying recommendation.
• Recent downgrades from HSBC and BNP Paribas have impacted Enel's ratings, with both firms cutting their recommendations to "hold."
• Enel reported a quarterly EPS of $0.16, missing the expected $0.19, despite achieving revenues of $25.72 billion for the quarter.

Enel SpA (OTCMKTS:ENLAY - Get Free Report) has earned a consensus rating of "Hold" from the five research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

A number of equities analysts have issued reports on the company. HSBC cut Enel from a "buy" rating to a "hold" rating in a report on Tuesday. BNP Paribas cut shares of Enel from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Hsbc Global Res raised shares of Enel to a "hold" rating in a research report on Tuesday. Finally, Zacks Research cut shares of Enel from a "strong-buy" rating to a "hold" rating in a research report on Monday.

Enel Trading Down 0.5%

ENLAY opened at $9.48 on Friday. Enel has a fifty-two week low of $6.82 and a fifty-two week high of $9.72. The company has a market cap of $96.38 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 4.90 and a beta of 0.96. 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 50 day simple moving average of $9.24 and a 200 day simple moving average of $8.95.

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

Enel Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a dividend of $0.1428 per share. This represents a dividend yield of 290.0%. The ex-dividend date was Tuesday, July 22nd. Enel's payout ratio is 43.94%.

About Enel

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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