Iberdrola (OTCMKTS:IBDRY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) saw strong trading volume on Friday . 267,963 shares were traded during trading, an increase of 177% from the previous session’s volume of 96,762 shares.The stock last traded at $94.09 and had previously closed at $95.08.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Iberdrola in a research note on Friday. 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Iberdrola presently has a consensus rating of “Hold”.

Iberdrola Trading Down 0.9%

The business’s 50 day simple moving average is $89.51 and its two-hundred day simple moving average is $82.49. The stock has a market cap of $157.43 billion, a P/E ratio of 22.49, a PEG ratio of 2.37 and a beta of 0.71. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). Iberdrola had a return on equity of 10.38% and a net margin of 13.74%.The firm had revenue of $13.76 billion for the quarter, compared to the consensus estimate of $13.76 billion. As a group, analysts expect that Iberdrola S.A. will post 3.57 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.