Iberdrola S.A. (OTCMKTS:IBDRY – Get Free Report) shares hit a new 52-week high on Wednesday. The stock traded as high as $101.76 and last traded at $101.72, with a volume of 2,038 shares trading hands. The stock had previously closed at $99.79.
Wall Street Analysts Forecast Growth
IBDRY has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. DZ Bank upgraded Iberdrola from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Kepler Capital Markets lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft raised Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Finally, Oddo Bhf downgraded Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Research Report on IBDRY
Iberdrola Stock Up 2.7%
The stock has a market capitalization of $169.20 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.48. 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’s 50-day moving average is $94.68 and its 200 day moving average is $93.47.
Iberdrola (OTCMKTS:IBDRY – Get Free Report) last released its 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 company had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.72 billion. As a group, analysts anticipate that Iberdrola S.A. will post 4.63 EPS for the current year.
Iberdrola Company Profile
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.
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