Iberdrola (OTCMKTS:IBDRY) Reaches New 12-Month High – What’s Next?

Iberdrola S.A. (OTCMKTS:IBDRY) shares reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $103.83 and last traded at $103.83, with a volume of 1,731 shares. The stock had previously closed at $103.18.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBDRY. Deutsche Bank raised Iberdrola to a “buy” rating in a report on Tuesday, September 29th. Oddo Bhf lowered Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. The Goldman Sachs Group raised Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Kepler Capital Markets downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, DZ Bank upgraded Iberdrola from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Iberdrola Stock Up 0.1%

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. The business has a 50 day moving average price of $95.77 and a 200 day moving average price of $93.96. The firm has a market capitalization of $172.50 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.62 and a beta of 0.48.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, October 21st. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.06). The business had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.72 billion. Iberdrola had a net margin of 14.74% and a return on equity of 9.56%. On average, analysts predict that Iberdrola S.A. will post 4.63 earnings per share for the current year.

Iberdrola Company Profile

Iberdrola is a Spanish energy company that generates and sells electricity and operates electricity networks. Its activities include renewable power, particularly wind, solar and hydropower, as well as other forms of energy generation and related services. Founded in 1992 through the merger of Spanish utilities Iberduero and Hidroeléctrica Española, the company has expanded internationally. It serves customers and operates energy businesses in markets including Spain, the United Kingdom, the United States, Brazil and other countries.