Iberdrola (OTCMKTS:IBDRY) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Iberdrola (OTCMKTS:IBDRY) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other research firms also recently commented on IBDRY. Royal Bank Of Canada reissued a “sector perform” rating on shares of Iberdrola in a report on Wednesday, August 27th. Oddo Bhf raised Iberdrola from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Iberdrola Price Performance

Shares of IBDRY opened at $73.95 on Tuesday. Iberdrola has a fifty-two week low of $53.37 and a fifty-two week high of $78.31. The firm’s 50-day simple moving average is $73.75 and its two-hundred day simple moving average is $71.44. The stock has a market cap of $123.52 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.65 and a current ratio of 0.75.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. The firm had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.73 billion. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%. Analysts anticipate that Iberdrola will post 3.57 earnings per share for the current fiscal year.

About Iberdrola

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.