Iberdrola (OTCMKTS:IBDRY) Hits New 12-Month High – Should You Buy?

Iberdrola S.A. (OTCMKTS:IBDRY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $90.19 and last traded at $89.98, with a volume of 3519 shares changing hands. The stock had previously closed at $89.00.

Analyst Upgrades and Downgrades

IBDRY has been the topic of several research reports. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Jefferies Financial Group downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, DZ Bank cut Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Iberdrola Trading Up 1.3%

The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $85.62 and a 200-day moving average price of $79.46. The firm has a market capitalization of $151.73 billion, a PE ratio of 25.16, a P/E/G ratio of 2.26 and a beta of 0.72.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $12.94 billion for the quarter, compared to analyst estimates of $13.56 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%. Analysts expect that Iberdrola S.A. will post 3.57 earnings per share for the current year.

About Iberdrola

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.