Royal Bank of Canada Upgrades Iberdrola (OTCMKTS:IBDRY) to “Hold”

Iberdrola (OTCMKTS:IBDRY) was upgraded by stock analysts at Royal Bank of Canada to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on IBDRY. Barclays upgraded shares of Iberdrola to a “hold” rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Iberdrola in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock.

Iberdrola Stock Down 0.1 %

Shares of IBDRY opened at $56.79 on Monday. Iberdrola has a 52 week low of $45.19 and a 52 week high of $62.15. The firm has a market cap of $90.36 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The firm’s 50-day simple moving average is $58.93 and its 200 day simple moving average is $55.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 0.79.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 EPS for the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. The business had revenue of $11.52 billion for the quarter. On average, analysts forecast that Iberdrola will post 3.56 earnings per share for the current year.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.