Royal Bank of Canada upgraded shares of Iberdrola (OTCMKTS:IBDRY) from a sector perform rating to an outperform rating in a research report sent to investors on Wednesday, The Fly reports.
Several other analysts also recently issued reports on the company. Barclays raised Iberdrola from an equal weight rating to an overweight rating in a research note on Monday, February 3rd. ValuEngine downgraded Iberdrola from a hold rating to a sell rating in a research note on Tuesday, January 28th. Finally, Citigroup cut Iberdrola from a buy rating to a neutral rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold.
Shares of IBDRY opened at $47.14 on Wednesday. The business’s 50 day moving average is $42.50 and its 200 day moving average is $40.83. The company has a market capitalization of $75.07 billion, a PE ratio of 19.27 and a beta of 0.27. Iberdrola has a 12-month low of $32.57 and a 12-month high of $47.22. The company has a current ratio of 0.79, a quick ratio of 0.64 and a debt-to-equity ratio of 0.70.
Iberdrola, SA, through its subsidiaries, engages in the generation, transmission, distribution, sale, and retail of electricity in Spain, Portugal, the United Kingdom, North America, the United Sates, Brazil, and internationally. It operates through Network Business, Deregulated Business, Renewable Business, and Other Businesses segments.
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