Iberdrola S.A. (OTCMKTS:IBDRY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

IBDRY has been the subject of several research reports. Zacks Research cut Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research report on Monday, September 29th. DZ Bank downgraded shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 18th.

Iberdrola Price Performance

Shares of IBDRY stock opened at $83.80 on Friday. Iberdrola has a 1 year low of $53.37 and a 1 year high of $85.03. The company has a current ratio of 0.81, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $80.67 and its 200-day moving average is $76.36. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.30 and a beta of 0.72.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. The business had revenue of $12.94 billion during the quarter, compared to analyst estimates of $13.56 billion. Sell-side analysts forecast that Iberdrola will post 3.57 EPS 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.