Enel (OTCMKTS:ENLAY) Sets New 12-Month High – Time to Buy?

by · The Cerbat Gem

Enel SpA (OTCMKTS:ENLAY – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $10.27 and last traded at $10.24, with a volume of 35223 shares traded. The stock had previously closed at $10.27.

Analysts Set New Price Targets

ENLAY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. HSBC cut shares of Enel from a “buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Hsbc Global Res upgraded Enel to a “hold” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Read Our Latest Analysis on ENLAY

Enel Stock Performance

The stock’s 50-day moving average is $9.56 and its 200 day moving average is $9.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market cap of $104.77 billion, a P/E ratio of 15.61, a PEG ratio of 5.21 and a beta of 0.95.

About Enel

(Get Free Report)

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.

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