Iberdrola S.A. (OTCMKTS:IBDRY) Receives Consensus Rating of “Hold” from Analysts

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company.

A number of brokerages have recently commented on IBDRY. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Citigroup raised shares of Iberdrola to a “hold” rating in a report on Friday, June 26th. Finally, Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th.

Iberdrola Stock Performance

Shares of IBDRY stock opened at $97.52 on Monday. Iberdrola has a 12-month low of $69.66 and a 12-month high of $100.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market capitalization of $164.76 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The business has a 50 day simple moving average of $94.51 and a 200 day simple moving average of $92.45.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The business had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.08 billion. On average, equities research analysts anticipate that Iberdrola will post 4.6 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.