Iberdrola (OTCMKTS:IBDRY) Shares Gap Down – Here’s Why

Iberdrola S.A. (OTCMKTS:IBDRYGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $98.29, but opened at $95.10. Iberdrola shares last traded at $97.80, with a volume of 9,757 shares.

Analyst Upgrades and Downgrades

IBDRY has been the subject of a number of research analyst reports. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Get Our Latest Stock Report on Iberdrola

Iberdrola Stock Down 1.6%

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. The firm’s 50-day moving average is $93.64 and its two-hundred day moving average is $91.62. The stock has a market cap of $162.53 billion, a P/E ratio of 23.69, a PEG ratio of 2.48 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRYGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. On average, equities research analysts anticipate that Iberdrola S.A. will post 4.59 earnings per share for the current year.

About Iberdrola

(Get Free Report)

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.

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