Enel (OTCMKTS:ENLAY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Enel SpA (OTCMKTS:ENLAY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.13 and traded as low as $6.96. Enel shares last traded at $7.04, with a volume of 492,018 shares.

Analysts Set New Price Targets

ENLAY has been the subject of several research analyst reports. Barclays upgraded Enel to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enel in a report on Wednesday, October 2nd. They set a “hold” rating for the company.

Enel Trading Up 1.8 %

The firm has a 50-day moving average of $7.12 and a two-hundred day moving average of $7.35.

Enel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 21st will be given a $0.2315 dividend. The ex-dividend date is Tuesday, January 21st. This is an increase from Enel’s previous dividend of $0.12.

Enel Company Profile

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.