Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Enel Chile SA (NYSE: ENIC) improved during the last several trading days. ENIC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Enel Chile SA (NYSE: ENIC) stock rose modestly by 0.3% on 4/8/24. The stock closed at $3.10. However, below average trading volume at 73% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 1.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ENIC is expected to continue to be a Value Builder.
Enel Chile has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Enel Chile has a very high Appreciation Score of 91 but a slightly negative Power Rating of 39, producing the Positive Value Trend Rating.
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