Iberdrola S.A. (OTCMKTS:IBDRY) Given Average Recommendation of “Hold” by Brokerages

Iberdrola S.A. (OTCMKTS:IBDRY) has received an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of brokerages have issued reports on IBDRY. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. DZ Bank cut Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Oddo Bhf raised Iberdrola from a “neutral” rating to an “outperform” rating in a report on Thursday, September 18th. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Zacks Research cut Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd.

Iberdrola Price Performance

OTCMKTS IBDRY opened at $87.15 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76. The company has a market cap of $145.57 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. Iberdrola has a 52 week low of $53.37 and a 52 week high of $89.00. The firm’s 50-day simple moving average is $83.96 and its two-hundred day simple moving average is $78.10.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $12.94 billion for the quarter, compared to analyst estimates of $13.56 billion. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. Research analysts predict that Iberdrola will post 3.57 earnings per share 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.