Iberdrola SA (MCE: IBE) was upgraded by equities researchers at Deutsche Bank to a “buy” rating in a report issued on Monday. The firm currently has a $5.97 (€5) target price on the stock.

A number of other firms have also recently commented on IBE. Analysts at Banco Sabadell reiterated a “sell” rating on shares of Iberdrola SA in a research note to investors on Wednesday, October 24th. They now have a $5.70 price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Iberdrola SA in a research note to investors on Monday, October 22nd. They now have a $4.32 price target on the stock. Finally, analysts at Grupo Santander reiterated a “buy” rating on shares of Iberdrola SA in a research note to investors on Friday, October 19th. They now have a $4.55 price target on the stock.

Iberdrola SA is a Spain-based company principally engaged in the energy sector. Its main activities include the provision of services related to the production, transmission and distribution of electric power and its by-products, computer and telecommunications services, services related to the treatment and distribution of water, as well as urban and gas retailing services, among others.

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