Iberdrola (OTCMKTS:IBDRY) Cut to “Strong Sell” at DZ Bank

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

IBDRY has been the topic of a number of other reports. Oddo Bhf upgraded shares of Iberdrola from a “neutral” rating to an “outperform” rating in a report on Thursday, September 18th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a report on Monday, September 29th. Finally, Zacks Research downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Iberdrola currently has a consensus rating of “Hold”.

Iberdrola Trading Down 0.5%

OTCMKTS:IBDRY opened at $81.36 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.75 and a quick ratio of 0.65. The business’s 50-day simple moving average is $76.16 and its 200-day simple moving average is $74.05. Iberdrola has a fifty-two week low of $53.37 and a fifty-two week high of $82.75. The stock has a market capitalization of $135.90 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Iberdrola had a net margin of 12.10% and a return on equity of 9.22%. The firm had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $13.56 billion. Sell-side analysts expect 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.