Iberdrola (OTCMKTS:IBDRY) Earns “Neutral” Rating from The Goldman Sachs Group

Iberdrola (OTCMKTS:IBDRY)‘s stock had its “neutral” rating reaffirmed by equities researchers at The Goldman Sachs Group in a research note issued to investors on Friday, Marketbeat Ratings reports.

Several other equities analysts have also recently weighed in on IBDRY. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Jefferies Financial Group downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Iberdrola has an average rating of “Hold”.

Iberdrola Stock Performance

IBDRY stock opened at $94.50 on Friday. The stock’s 50 day simple moving average is $89.69 and its 200 day simple moving average is $82.71. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. Iberdrola has a 12-month low of $57.26 and a 12-month high of $96.50. The stock has a market capitalization of $157.84 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). Iberdrola had a net margin of 13.74% and a return on equity of 10.38%. The firm had revenue of $13.76 billion during the quarter, compared to the consensus estimate of $13.76 billion. As a group, research analysts forecast that Iberdrola will post 3.57 earnings per share for the current fiscal 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.