Iberdrola S.A. (OTCMKTS:IBDRY) Given Average Recommendation of “Hold” by Analysts

Iberdrola S.A. (OTCMKTS:IBDRY) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Separately, The Goldman Sachs Group reissued a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th.

Iberdrola Price Performance

OTCMKTS IBDRY opened at $91.62 on Wednesday. The business’s fifty day moving average is $92.04 and its two-hundred day moving average is $88.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. Iberdrola has a 1 year low of $67.47 and a 1 year high of $96.50. The stock has a market capitalization of $154.79 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.35 and a beta of 0.66.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (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 analyst estimates of $13.62 billion. On average, research analysts forecast that Iberdrola will post 4.6 earnings per share for the current fiscal 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.