Iberdrola S.A. (OTCMKTS:IBDRY) Sees Large Decline in Short Interest

Iberdrola S.A. (OTCMKTS:IBDRY – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 16,661 shares, a decline of 72.4% from the July 30th total of 60,364 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 110,954 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

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Iberdrola Stock Performance

IBDRY stock traded down $0.56 during trading on Thursday, reaching $93.38. 12,721 shares of the stock were exchanged, compared to its average volume of 88,821. Iberdrola has a twelve month low of $72.48 and a twelve month high of $100.64. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $155.78 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.64. The stock has a 50 day simple moving average of $95.88 and a 200-day simple moving average of $93.63.

Iberdrola (OTCMKTS:IBDRY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. As a group, sell-side analysts anticipate that Iberdrola will post 4.61 earnings per share for the current year.

Iberdrola Company Profile

(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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