Iberdrola (OTCMKTS:IBDRY) Stock Rating Lowered by Societe Generale

Iberdrola (OTCMKTS:IBDRYGet Rating) was downgraded by Societe Generale from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.

A number of other equities research analysts have also issued reports on IBDRY. Morgan Stanley lowered shares of Iberdrola from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 2nd. Citigroup lowered shares of Iberdrola from a “buy” rating to a “neutral” rating in a report on Thursday, November 10th. Finally, Barclays upped their target price on shares of Iberdrola from €14.00 ($14.43) to €14.10 ($14.54) in a report on Tuesday, September 20th.

Iberdrola Price Performance

Shares of OTCMKTS IBDRY opened at $43.70 on Wednesday. The firm has a market cap of $69.51 billion, a PE ratio of 16.95, a PEG ratio of 1.92 and a beta of 0.65. The firm has a fifty day moving average of $39.82 and a 200 day moving average of $42.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.92. Iberdrola has a one year low of $35.15 and a one year high of $49.17.

Iberdrola (OTCMKTS:IBDRYGet Rating) last released its earnings results on Wednesday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $13.58 billion for the quarter. As a group, research analysts predict that Iberdrola will post 2.67 EPS for the current fiscal year.

Iberdrola Company Profile

(Get Rating)

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries.

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