Iberdrola (OTCMKTS:IBDRY) Sets New 1-Year High – Should You Buy?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Tuesday . The company traded as high as $89.00 and last traded at $87.15, with a volume of 81970 shares traded. The stock had previously closed at $87.68.

Analyst Ratings Changes

IBDRY has been the topic of several research reports. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Zacks Research lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Oddo Bhf upgraded shares of Iberdrola from a “neutral” rating to an “outperform” rating in a report on Thursday, September 18th. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Iberdrola Stock Performance

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 business has a 50 day moving average price of $83.96 and a 200 day moving average price of $78.10. The stock has a market capitalization of $145.57 billion, a PE ratio of 24.14, a PEG ratio of 2.21 and a beta of 0.72.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. The company had revenue of $12.94 billion for the quarter, compared to analysts’ expectations of $13.56 billion. As a group, equities research analysts expect that Iberdrola S.A. will post 3.57 earnings per share 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.