Iberdrola (OTCMKTS:IBDRY) Stock Rating Upgraded by DZ Bank

Iberdrola (OTCMKTS:IBDRY) was upgraded by equities researchers at DZ Bank from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group upgraded Iberdrola from a “hold” rating to a “buy” rating in a research 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, Oddo Bhf cut Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Iberdrola presently has an average rating of “Hold”.

Iberdrola Stock Up 0.9%

IBDRY opened at $97.75 on Wednesday. The company has a market capitalization of $163.08 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.55. The business has a 50-day moving average of $93.85 and a 200-day moving average of $94.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. Iberdrola has a fifty-two week low of $78.85 and a fifty-two week high of $100.64.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Iberdrola had a net margin of 14.74% and a return on equity of 9.56%. Equities research analysts forecast that Iberdrola will post 4.62 EPS for the current fiscal year.

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.