Iberdrola S.A. (OTCMKTS:IBDRY) Receives Consensus Rating of “Hold” from Brokerages

Iberdrola S.A. (OTCMKTS:IBDRY) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company.

Several research firms have commented on IBDRY. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Citigroup upgraded Iberdrola to a “hold” rating in a research report on Friday, June 26th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Finally, Oddo Bhf lowered shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday.

Iberdrola Trading Up 0.7%

OTCMKTS IBDRY opened at $96.46 on Monday. Iberdrola has a 12 month low of $69.66 and a 12 month high of $100.64. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average price is $94.74 and its 200-day moving average price is $92.54. The stock has a market cap of $162.97 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.43 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%. As a group, equities analysts forecast that Iberdrola will post 4.6 EPS for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.