Iberdrola S.A. (OTCMKTS:IBDRY) Receives Consensus Recommendation of “Hold” from Analysts

Iberdrola S.A. (OTCMKTS:IBDRY – Get Free Report) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company.

IBDRY has been the topic of a number of research analyst reports. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Oddo Bhf lowered Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th.

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Iberdrola Stock Performance

Shares of IBDRY opened at $96.46 on Monday. The firm has a 50-day moving average price of $94.74 and a 200 day moving average price of $92.57. The firm has a market capitalization of $162.97 billion, a PE ratio of 20.44, a P/E/G ratio of 2.45 and a beta of 0.64. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 0.77. Iberdrola has a 52-week low of $69.66 and a 52-week high of $100.64.

Iberdrola (OTCMKTS:IBDRY – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The company 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, sell-side analysts anticipate that Iberdrola will post 4.6 earnings per share for the current fiscal year.

Iberdrola Company Profile

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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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