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

Iberdrola S.A. (OTCMKTS:IBDRY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $100.64 and last traded at $99.90, with a volume of 52672 shares traded. The stock had previously closed at $100.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IBDRY shares. Citigroup upgraded Iberdrola to a “hold” rating in a research note on Friday, June 26th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Iberdrola Trading Up 1.1%

The stock’s 50-day simple moving average is $93.40 and its two-hundred day simple moving average is $91.35. 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 $166.06 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. Equities research analysts expect that Iberdrola S.A. will post 4.59 EPS 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.