Iberdrola (OTCMKTS:IBDRY) Trading 0.1% Higher – Still a Buy?

Iberdrola, S.A. (OTCMKTS:IBDRY) shot up 0.1% during trading on Wednesday . The company traded as high as $55.48 and last traded at $55.14. 48,770 shares were traded during mid-day trading, a decline of 46% from the average session volume of 90,345 shares. The stock had previously closed at $55.10.

Analysts Set New Price Targets

Several equities analysts have weighed in on IBDRY shares. Barclays upgraded Iberdrola to a “hold” rating in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Iberdrola in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock. Finally, Royal Bank of Canada raised shares of Iberdrola to a “hold” rating in a research report on Monday, December 2nd.

Iberdrola Stock Up 0.1 %

The stock has a fifty day moving average of $56.67 and a 200 day moving average of $56.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69. The firm has a market capitalization of $87.73 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 EPS for the quarter. The company had revenue of $11.52 billion for the quarter. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. On average, research analysts anticipate that Iberdrola, S.A. will post 3.56 EPS for the current fiscal 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.