Enel (OTCMKTS:ENLAY) Releases Earnings Results

Enel (OTCMKTS:ENLAY) announced its quarterly earnings results on Thursday. The utilities provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01, Zacks reports.

Enel Stock Performance

ENLAY remained flat at $10.91 on Thursday. 334,268 shares of the company’s stock traded hands, compared to its average volume of 526,991. The company has a market capitalization of $108.42 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.88 and a beta of 0.74. Enel has a 52 week low of $9.62 and a 52 week high of $12.13. The firm’s fifty day simple moving average is $10.23 and its 200-day simple moving average is $10.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.71.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Enel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Enel has a consensus rating of “Hold”.

Enel Company Profile

Enel S.p.A. is an Italian energy company headquartered in Rome. Established in 1962 as Italy’s national electricity utility, it has since expanded into an international business serving customers across Europe and the Americas. The company generates and sells electricity and supplies natural gas. Its activities also include operating electricity distribution networks and developing renewable energy projects through its Enel Green Power business, which focuses on sources such as wind, solar, hydroelectric and geothermal power.