Endesa (OTCMKTS:ELEZY) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Endesa (OTCMKTS:ELEZY) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

ELEZY has been the subject of several other research reports. Santander lowered shares of Endesa to an “underperform” rating in a report on Friday, February 20th. Citigroup restated a “sell” rating on shares of Endesa in a report on Tuesday, May 19th. Finally, Morgan Stanley restated an “underweight” rating on shares of Endesa in a report on Thursday, May 7th. Four research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

Endesa Trading Up 0.5%

ELEZY stock opened at $20.83 on Monday. Endesa has a 52 week low of $14.33 and a 52 week high of $22.99. The company has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $19.63.

Endesa Company Profile

Endesa, SA is one of the leading electric utility companies in Spain, serving residential, commercial, and industrial customers. The company’s core activities include the generation, distribution and supply of electricity, along with the sale of natural gas. Endesa operates a diverse energy portfolio encompassing hydroelectric, nuclear, coal-fired and renewable power plants, reflecting a strategic commitment to decarbonization and the integration of green energy sources.

In electricity generation, Endesa manages an extensive network of power stations across Spain and Portugal, leveraging its scale to optimize production costs and ensure grid reliability.