Iberdrola S.A. (OTCMKTS:IBDRY) Receives Average Rating of “Hold” from Analysts

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently weighed in on IBDRY. DZ Bank cut Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Jefferies Financial Group downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th.

Iberdrola Trading Down 0.7%

Shares of OTCMKTS:IBDRY opened at $89.70 on Monday. The firm has a market cap of $149.83 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.26 and a beta of 0.72. 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 has a 12 month low of $54.95 and a 12 month high of $90.92. The company’s fifty day simple moving average is $85.62 and its 200 day simple moving average is $79.46.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $12.94 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%. As a group, research analysts forecast that Iberdrola will post 3.57 EPS 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.