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

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company.

Several equities research analysts have recently weighed in on IBDRY shares. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Finally, Oddo Bhf lowered shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd.

Iberdrola Price Performance

IBDRY stock opened at $93.74 on Friday. The stock has a market cap of $156.39 billion, a PE ratio of 19.86, a P/E/G ratio of 2.37 and a beta of 0.64. Iberdrola has a 12 month low of $72.48 and a 12 month high of $100.64. The company has a 50-day moving average price of $95.96 and a 200 day moving average price of $93.53. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.The firm had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.08 billion. Equities research analysts anticipate that Iberdrola will post 4.61 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.