Iberdrola (OTCMKTS:IBDRY) Sets New 1-Year High on Analyst Upgrade

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Thursday after Erste Group Bank upgraded the stock from a hold rating to a buy rating. The company traded as high as $98.05 and last traded at $97.9425, with a volume of 1870 shares changing hands. The stock had previously closed at $96.54.

Several other equities research analysts also recently issued reports on IBDRY. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Iberdrola Trading Up 2.2%

The stock’s 50 day simple moving average is $92.80 and its two-hundred day simple moving average is $90.71. The stock has a market capitalization of $165.55 billion, a PE ratio of 24.14, a PEG ratio of 2.45 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.04). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. On average, sell-side analysts expect that Iberdrola S.A. will post 4.59 EPS for the current year.

Iberdrola Company Profile

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.