Iberdrola (OTCMKTS:IBDRY) Stock Rating Upgraded by Erste Group Bank

Iberdrola (OTCMKTS:IBDRY) was upgraded by stock analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a research report issued on Thursday.

IBDRY has been the topic of several other research reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Iberdrola currently has an average rating of “Hold”.

Iberdrola Trading Down 0.7%

Iberdrola stock opened at $95.87 on Thursday. The stock has a market cap of $161.97 billion, a P/E ratio of 23.61, a PEG ratio of 2.45 and a beta of 0.64. Iberdrola has a 1 year low of $69.66 and a 1 year high of $97.07. 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’s 50 day moving average price is $92.80 and its 200-day moving average price is $90.71.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. On average, equities analysts predict that Iberdrola will post 4.59 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.