Iberdrola (OTCMKTS:IBDRY) Sets New 1-Year High – Here’s Why

Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Wednesday . The stock traded as high as $88.65 and last traded at $86.6050, with a volume of 5043 shares changing hands. The stock had previously closed at $86.77.

Analyst Ratings Changes

IBDRY has been the subject of several recent research reports. Erste Group Bank raised Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Jefferies Financial Group lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. DZ Bank cut shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Zacks Research lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Iberdrola in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Iberdrola Price Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 0.81 and a quick ratio of 0.72. The stock’s fifty day moving average is $83.65 and its 200-day moving average is $77.87. The stock has a market cap of $144.72 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72.

Iberdrola (OTCMKTS:IBDRY) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 EPS for the quarter, topping 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 company had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $13.56 billion. As a group, equities analysts anticipate that Iberdrola S.A. will post 3.57 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.