Enel (OTCMKTS:ENLAY) Rating Upgraded to Maintain Zacks Investment Research


Enel (OTCMKTS:ENLAY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report released Thursday, Zacks.com reports.

According to Zacks, “Enel SpA is an electricity operator in Italy, which deals with the production, distribution and sale of electricity. It operates a range of hydroelectric, thermoelectric, nuclear, geothermal, wind and photovoltaic power plants. The Company is also active in the import, distribution and sale of natural gas. It listens and confronts consumer associations, environmentalists, small businesses and local authorities to prevent critical problems and develop projects in line with everyone’s needs. Enel SpA is based in Rome, Italy. “

Several other brokerages have also recently published reports on ENLAY. Credit Suisse Group lowered its price target on Enel shares from €9.20 ($9.89) to €8.30 ($8.92) in a Thursday, February 24 research report. Morgan Stanley lowered its price target on Enel shares from €9.00 ($9.68) to €7.20 ($7.74) in a Friday, March 11 report. Finally, Jefferies Financial Group upgraded Enel shares from a “hold” rating to a “buy” rating in a Thursday, March 24 report. One analyst assigned the stock a sell rating, two assigned a hold rating and seven assigned the company’s stock a buy rating. According to MarketBeat.com, the stock currently has an average buy rating and an average price target of $7.75.

Enel stock was flat at $6.63 in Thursday’s midday session. 988,160 shares of the company were traded, compared to its average volume of 1,317,637. Ener has a 52-week low of $5.89 and a 52-week high of $10.58. The stock has a market capitalization of $67.41 billion, a PE ratio of 23.68 and a beta of 0.70. The company has a 50-day moving average price of $6.67 and a 200-day moving average price of $7.42.

Enel Company Profile (Get a rating)

Enel SpA, together with its subsidiaries, operates in the electricity and gas sectors worldwide. The company generates, transports, distributes, buys, transports and sells electricity; transports and markets natural gas; supplies LNG; and designs, develops, builds, operates, manages and maintains generation plants and transmission networks.

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