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

Iberdrola S.A. (OTCMKTS:IBDRY) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages have commented on IBDRY. The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. Erste Group Bank lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th.

Iberdrola Stock Performance

OTCMKTS IBDRY opened at $91.37 on Friday. The company has a market cap of $154.37 billion, a P/E ratio of 22.50, a PEG ratio of 2.31 and a beta of 0.64. The company has a fifty day simple moving average of $92.43 and a 200 day simple moving average of $89.68. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 12-month low of $69.66 and a 12-month high of $96.50.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. Sell-side analysts predict that Iberdrola will post 4.6 earnings per share for the current fiscal year.

Iberdrola Company Profile

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.