Citigroup Downgrades Enel (OTCMKTS:ENLAY) to Sell

Enel (OTCMKTS:ENLAYGet Rating) was downgraded by investment analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other brokerages have also recently weighed in on ENLAY. DZ Bank cut Enel from a “buy” rating to a “hold” rating and set a €5.30 ($5.41) price objective for the company. in a research note on Thursday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of Enel from €9.00 ($9.18) to €7.30 ($7.45) in a research report on Wednesday, October 26th. Finally, Royal Bank of Canada decreased their price target on shares of Enel from €9.75 ($9.95) to €8.50 ($8.67) and set an “outperform” rating for the company in a research note on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.73.

Enel Stock Down 0.2 %

Shares of OTCMKTS:ENLAY opened at $5.23 on Wednesday. The firm’s 50 day moving average price is $4.50 and its 200 day moving average price is $5.09. Enel has a fifty-two week low of $3.82 and a fifty-two week high of $8.18.

About Enel

(Get Rating)

Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines.

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