Iberdrola’s (IBDRY) “Neutral” Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of Iberdrola (OTCMKTS:IBDRY) in a research note issued to investors on Friday, Marketbeat.com reports.

Other analysts have also recently issued reports about the company. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Jefferies Financial Group lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Iberdrola Stock Performance

OTCMKTS IBDRY traded down $0.58 during midday trading on Friday, hitting $94.50. The company had a trading volume of 350,240 shares, compared to its average volume of 93,651. 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 stock has a market cap of $157.84 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.34 and a beta of 0.71. The firm has a fifty day simple moving average of $89.69 and a two-hundred day simple moving average of $82.64. Iberdrola has a fifty-two week low of $57.26 and a fifty-two week high of $96.50.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). Iberdrola had a net margin of 13.74% and a return on equity of 10.38%. The company had revenue of $13.76 billion for the quarter, compared to analyst estimates of $13.76 billion. Equities analysts forecast that Iberdrola will post 3.57 earnings per share for the current fiscal 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.