Iberdrola (OTCMKTS:IBDRY) Releases Quarterly Earnings Results

Iberdrola (OTCMKTS:IBDRY) released its quarterly earnings results on Wednesday. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.06), Zacks reports. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%.

Iberdrola Trading Up 0.8%

Shares of OTCMKTS:IBDRY traded up $0.77 during midday trading on Wednesday, hitting $96.74. 26,394 shares of the stock were exchanged, compared to its average volume of 87,342. Iberdrola has a 12 month low of $78.32 and a 12 month high of $100.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.75. The stock has a market capitalization of $161.39 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.66 and a beta of 0.55. The business’s 50-day moving average price is $93.73 and its 200 day moving average price is $94.14.

Analyst Upgrades and Downgrades

IBDRY has been the topic of a number of research reports. Citigroup raised shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Oddo Bhf cut Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft upgraded Iberdrola to a “buy” rating in a research note on Tuesday, September 29th. The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Finally, Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.