Iberdrola (OTCMKTS:IBDRY) Shares Gap Down – Here’s What Happened

Iberdrola S.A. (OTCMKTS:IBDRY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $98.29, but opened at $95.10. Iberdrola shares last traded at $97.80, with a volume of 9,757 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Citigroup raised Iberdrola to a “hold” rating in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Iberdrola Stock Down 1.0%

The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $93.51 and a 200-day simple moving average of $91.44. The company has a market cap of $164.32 billion, a PE ratio of 23.96, a P/E/G ratio of 2.50 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. Equities research analysts anticipate 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.