Iberdrola S.A. (OTCMKTS:IBDRY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company.

IBDRY has been the subject of a number of analyst reports. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Citigroup raised Iberdrola to a “hold” rating in a research report on Friday, June 26th. Finally, Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th.

Iberdrola Price Performance

OTCMKTS:IBDRY opened at $97.06 on Monday. Iberdrola has a 52 week low of $69.66 and a 52 week high of $100.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. The firm’s 50-day simple moving average is $94.19 and its 200 day simple moving average is $92.23. The firm has a market cap of $163.98 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.46 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings data 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). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. As a group, sell-side analysts predict that Iberdrola will post 4.6 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.