Iberdrola (OTCMKTS:IBDRY) Hits New 52-Week High – What’s Next?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high during trading 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

A number of research analysts have recently issued reports on the stock. Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 18th. Zacks Research downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Iberdrola in a report on Monday, September 29th. DZ Bank downgraded Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group lowered 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, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Iberdrola Stock Down 0.4%

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 firm has a market capitalization of $144.42 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The business has a fifty day moving average price of $83.35 and a two-hundred day moving average price of $77.75.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $12.94 billion for the quarter, compared to the consensus estimate of $13.56 billion. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. On average, equities analysts expect that Iberdrola S.A. 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.