Iberdrola (OTCMKTS:IBDRY) Stock Bumped Down to Hold by Kepler Capital Markets

Kepler Capital Markets lowered shares of Iberdrola (OTCMKTS:IBDRY – Free Report) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks reports.

IBDRY has been the subject of a number of other research reports. Citigroup upgraded shares of Iberdrola to a “hold” rating in a report on Friday, June 26th. The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Oddo Bhf lowered shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Iberdrola to a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Iberdrola currently has an average rating of “Hold”.

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Iberdrola Stock Performance

Shares of Iberdrola stock opened at $93.29 on Thursday. 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 $75.02 and a fifty-two week high of $100.64. The firm has a market capitalization of $155.63 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.62 and a beta of 0.55. The company’s 50 day moving average price is $93.65 and its two-hundred day moving average price is $93.64.

Iberdrola (OTCMKTS:IBDRY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The firm had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%. On average, equities analysts forecast that Iberdrola will post 4.69 earnings per share for the current fiscal year.

Iberdrola Company Profile

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Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.

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