Iberdrola S.A. (OTCMKTS:IBDRY) Given Average Recommendation of “Hold” by Analysts

Iberdrola S.A. (OTCMKTS:IBDRY) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company.

Several analysts recently issued reports on the stock. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Oddo Bhf downgraded Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Finally, Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th.

Iberdrola Stock Down 1.4%

Shares of IBDRY stock opened at $93.60 on Friday. Iberdrola has a 52-week low of $72.48 and a 52-week high of $100.64. The stock has a market cap of $158.13 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.40 and a beta of 0.64. The firm’s 50-day moving average is $95.84 and its 200-day moving average is $93.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.82.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.08 billion. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%. Sell-side analysts predict that Iberdrola will post 4.61 EPS for the current year.

About Iberdrola

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.