Enel (OTCMKTS:ENLAY) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Enel SpA (OTCMKTS:ENLAY - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.20 and traded as low as $7.11. Enel shares last traded at $7.14, with a volume of 655,351 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays upgraded Enel to a "strong-buy" rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Enel in a report on Wednesday, October 2nd. They set a "hold" rating for the company.

Enel Stock Up 0.4 %

The stock's 50 day moving average price is $7.20 and its two-hundred day moving average price is $7.33.

Enel Increases Dividend

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

About Enel

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.