Iberdrola (OTCMKTS:IBDRY) Shares Cross Above 50-Day Moving Average – What’s Next?

Iberdrola S.A. (OTCMKTS:IBDRY)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $95.00 and traded as high as $95.3599. Iberdrola shares last traded at $94.42, with a volume of 59,377 shares.

Analyst Ratings Changes

Several analysts have issued reports on the company. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Oddo Bhf lowered Iberdrola from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 23rd. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Finally, Citigroup raised Iberdrola to a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Iberdrola Stock Performance

The firm’s 50 day moving average is $95.00 and its 200 day moving average is $92.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.82. The stock has a market cap of $159.52 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.41 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. The firm had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Analysts anticipate that Iberdrola S.A. will post 4.6 EPS for the current 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.