Enel Americas (NYSE:ENIA) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Enel Americas (NYSE:ENIA) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Enel Americas SA engages in the exploitation, distribution and transformation of energy directly or through its subsidiaries and affiliates. It operating business segments consists of Generation & Transmission and Distribution. Generation & Transmission segment composes of companies which own generation plants. Distribution segment includes electricity supply to the final customers. Enel Americas SA, formerly known as Enersis S A ADR, is based in Santiago, Chile. “

Shares of ENIA stock opened at $8.41 on Wednesday. Enel Americas has a 12-month low of $6.96 and a 12-month high of $10.52. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 8.01 and a beta of 0.57. The business has a 50 day simple moving average of $8.32.

Enel Americas (NYSE:ENIA) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Enel Americas had a return on equity of 13.77% and a net margin of 8.75%. The business had revenue of $3.59 billion during the quarter. On average, equities research analysts forecast that Enel Americas will post 0.85 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Diversified Trust Co raised its holdings in shares of Enel Americas by 43.4% during the second quarter. Diversified Trust Co now owns 70,792 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 21,428 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Enel Americas by 30.6% during the second quarter. Fulton Bank N.A. now owns 13,445 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 3,153 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Enel Americas during the first quarter worth $772,000. GAM Holding AG raised its holdings in shares of Enel Americas by 12.9% during the first quarter. GAM Holding AG now owns 106,954 shares of the utilities provider’s stock worth $955,000 after acquiring an additional 12,194 shares in the last quarter. Finally, NumerixS Investment Technologies Inc raised its holdings in shares of Enel Americas by 526.7% during the first quarter. NumerixS Investment Technologies Inc now owns 18,800 shares of the utilities provider’s stock worth $166,000 after acquiring an additional 15,800 shares in the last quarter. 9.20% of the stock is owned by institutional investors and hedge funds.

Enel Americas Company Profile

Enel Américas SA operates as an electricity utility company in Argentina, Brazil, Colombia, and Peru. The company, through its subsidiaries, generates, transmits, and distributes electricity using hydroelectric and thermal energy sources. As of December 31, 2017, it had 11,444 megawatts of installed generation capacity and 17.2 million distribution customers.

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