Iberdrola S.A. (OTCMKTS:IBDRY) Receives Average Recommendation of “Hold” from Brokerages

Iberdrola S.A. (OTCMKTS:IBDRY) has been given an average rating of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of brokerages have recently issued reports on IBDRY. Royal Bank Of Canada restated a “sector perform” rating on shares of Iberdrola in a research report on Monday, September 29th. Jefferies Financial Group cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th.

Iberdrola Stock Performance

Shares of IBDRY stock opened at $86.96 on Monday. Iberdrola has a 1 year low of $54.77 and a 1 year high of $89.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market cap of $145.25 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.17 and a beta of 0.72. The stock’s 50-day moving average is $85.23 and its two-hundred day moving average is $79.15.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $12.94 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%. Analysts predict that Iberdrola will post 3.57 earnings per share for the current year.

Iberdrola Company Profile

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.