Enel (OTCMKTS:ENLAY) Shares Pass Below 50 Day Moving Average of $5.76

Enel SpA (OTCMKTS:ENLAY – Get Rating)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.76 and traded as low as $5.49. Enel shares last traded at $5.59, with a volume of 249,005 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ENLAY shares. Morgan Stanley downgraded Enel from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 6th. JPMorgan Chase & Co. boosted their price objective on Enel from €7.30 ($7.85) to €7.60 ($8.17) and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. Finally, Citigroup downgraded Enel from a “neutral” rating to a “sell” rating in a research report on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Enel has a consensus rating of “Hold” and a consensus price target of $7.78.

Enel Trading Down 0.2 %

The firm’s fifty day moving average is $5.76 and its 200-day moving average is $5.16.

Enel Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 17th. Stockholders of record on Tuesday, January 24th were given a dividend of $0.1137 per share. The ex-dividend date of this dividend was Monday, January 23rd. This represents a dividend yield of 3.52%.

Enel Company Profile

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Enel SpA engages in the electricity generation and distribution of natural gas. Its business lines include Enel Green Power, and Thermal Generation, Global Energy and Commodity Management, Global Infrastructure and Networks, Enel X Global Retail and Global Emobility. It also offers services to enable businesses and communities to leverage integrated technological solutions.