Enel (OTCMKTS:ENLAY) Shares Pass Above 50 Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemEnel SpA (OTCMKTS:ENLAY – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.30 and traded as high as $11.31. Enel shares last traded at $11.28, with a volume of 336,753 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have weighed in on ENLAY shares. Citigroup restated a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research report on Wednesday. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.
Enel Price Performance
The firm has a market capitalization of $117.37 billion, a P/E ratio of 15.19, a PEG ratio of 3.52 and a beta of 0.81. The business’s 50-day simple moving average is $11.30 and its 200 day simple moving average is $11.06. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.16.
Enel (OTCMKTS:ENLAY – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $23.95 billion for the quarter, compared to analyst estimates of $26.61 billion. Sell-side analysts forecast that Enel SpA will post 0.85 earnings per share 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.