Report
Charles Fishman
EUR 100.00 For Business Accounts Only

Enel Americas Reports Solid Results Against a Backdrop Of Inflationary Economies

We are reaffirming our fair value estimate of $10 per ADR after Enel Americas reported solid results for the nine months ended Sept. 30, of $0.45 per ADR versus $0.33 per ADR in the year-ago period. Nine-month EBITDA increased 11% versus the same period last year, to almost $2.4 billion, and management believes it will be close to its full-year EBITDA guidance of $3.7 billion. Our 2018 EBITDA estimate of approximately $3.5 billion is unchanged.   
We are reaffirming our 2018 and 2019 EPS estimat...
Underlying
Enersis SA (ADR)

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

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