Iberdrola (OTCMKTS:IBDRY) Sees Large Volume Increase – Here’s Why

Iberdrola S.A. (OTCMKTS:IBDRY) saw strong trading volume on Thursday . 121,112 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 94,706 shares.The stock last traded at $91.47 and had previously closed at $94.58.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Erste Group Bank raised Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, DZ Bank downgraded Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Iberdrola has a consensus rating of “Hold”.

Iberdrola Stock Down 2.9%

The stock has a market cap of $153.43 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.36 and a beta of 0.71. The business has a fifty day moving average of $88.32 and a 200 day moving average of $81.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.81 and a quick ratio of 0.72.

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.