Enel (OTCMKTS:ENLAY) Sees Large Volume Increase – Should You Buy?

Enel SpA (OTCMKTS:ENLAY – Get Free Report) shares saw unusually-high trading volume on Thursday. 3,401,080 shares traded hands during trading, an increase of 574% from the previous session’s volume of 504,393 shares. The stock last traded at $10.15 and had previously closed at $10.00.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Enel presently has a consensus rating of “Reduce”.

Get Our Latest Stock Report on Enel

Enel Stock Up 1.5%

The company has a market cap of $100.87 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14. The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $11.03.

Enel (OTCMKTS:ENLAY – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.93 billion. As a group, analysts predict that Enel SpA will post 0.84 EPS for the current year.

Enel Company Profile

(Get Free Report)

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Established in 1962 as Italy’s national electricity authority, Enel was transformed into a joint-stock company and progressively expanded internationally following the liberalization of Italy’s electricity market. The company serves customers through operations spanning electricity generation, power distribution and energy retail.

Enel develops and operates renewable and conventional power-generation assets, with a strong focus on wind, solar, hydropower and geothermal energy.

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