Iberdrola (OTCMKTS:IBDRY) Reaches New 12-Month High – What’s Next?

Iberdrola S.A. (OTCMKTS:IBDRY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $96.34 and last traded at $96.0860, with a volume of 34947 shares. The stock had previously closed at $94.78.

Wall Street Analyst Weigh In

IBDRY has been the subject of several analyst reports. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report 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. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, Iberdrola has a consensus rating of “Hold”.

Iberdrola Price Performance

The firm has a market cap of $160.81 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.31 and a beta of 0.71. The stock’s 50-day moving average is $89.05 and its 200-day moving average is $82.30. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

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.