Iberdrola (OTCMKTS:IBDRY) Stock Bumped Up to Hold by DZ Bank

DZ Bank upgraded shares of Iberdrola (OTCMKTS:IBDRY) from a strong sell rating to a hold rating in a research report released on Wednesday morning,Zacks reports.

Several other research analysts also recently commented on the company. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Iberdrola in a research note on Wednesday. The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Kepler Capital Markets cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Iberdrola Trading Up 0.9%

Shares of Iberdrola stock opened at $97.75 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Iberdrola has a twelve month low of $78.85 and a twelve month high of $100.64. The firm has a market capitalization of $163.08 billion, a PE ratio of 20.71, a P/E/G ratio of 1.70 and a beta of 0.55. The firm’s 50-day moving average price is $93.85 and its 200 day moving average price is $94.19.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. The firm had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.08 billion. On average, sell-side analysts predict that Iberdrola will post 4.62 EPS for the current fiscal year.

Iberdrola Company Profile

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.