Endesa (OTCMKTS:ELEZY) Downgraded by Zacks Research to Hold

Endesa (OTCMKTS:ELEZY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Citigroup reaffirmed a “sell” rating on shares of Endesa in a research report on Tuesday, May 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Endesa in a research report on Thursday, May 7th. Finally, Santander cut shares of Endesa to an “underperform” rating in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Endesa has an average rating of “Strong Sell”.

Endesa Stock Up 0.5%

ELEZY stock opened at $20.83 on Monday. The company has a fifty day moving average price of $21.48 and a two-hundred day moving average price of $19.63. Endesa has a one year low of $14.33 and a one year high of $22.99.

Endesa Company Profile

Endesa, SA is one of the leading electric utility companies in Spain, serving residential, commercial, and industrial customers. The company’s core activities include the generation, distribution and supply of electricity, along with the sale of natural gas. Endesa operates a diverse energy portfolio encompassing hydroelectric, nuclear, coal-fired and renewable power plants, reflecting a strategic commitment to decarbonization and the integration of green energy sources.

In electricity generation, Endesa manages an extensive network of power stations across Spain and Portugal, leveraging its scale to optimize production costs and ensure grid reliability.