Iberdrola S.A. (OTCMKTS:IBDRY – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 93,835 shares, an increase of 99.8% from the September 30th total of 46,962 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 139,067 shares, the days-to-cover ratio is currently 0.7 days.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Kepler Capital Markets downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. The Goldman Sachs Group raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Citigroup reiterated a “neutral” rating on shares of Iberdrola in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Iberdrola to a “buy” rating in a research note on Tuesday, September 29th. Finally, Oddo Bhf cut Iberdrola from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.
Read Our Latest Analysis on IBDRY
Iberdrola Price Performance
OTCMKTS IBDRY opened at $98.88 on Monday. Iberdrola has a 1 year low of $80.64 and a 1 year high of $100.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. The business’s 50-day moving average is $94.45 and its 200 day moving average is $93.33. The stock has a market capitalization of $164.96 billion, a PE ratio of 21.88, a PEG ratio of 1.55 and a beta of 0.55.
Iberdrola (OTCMKTS:IBDRY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.06). Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Sell-side analysts forecast that Iberdrola will post 4.63 earnings per share for the current 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.
Featured Articles
- Five stocks we like better than Iberdrola
- Strategy Pauses Bitcoin Buys to Focus on Preferred Stock Buybacks
- Uranium Prices Are Near Historic Highs—So Why Hasn’t Cameco Followed?
- Royal Caribbean Buys the Beach as Norwegian Fixes the Ship
- SK hynix Says Memory Demand Beats Supply Through 2030—What It Means for Micron and SanDisk
Receive News & Ratings for Iberdrola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iberdrola and related companies with MarketBeat.com's FREE daily email newsletter.
