Iberdrola (OTCMKTS:IBDRY) Reaches New 52-Week High – Should You Buy?

Iberdrola S.A. (OTCMKTS:IBDRY)’s stock price reached a new 52-week high during trading on Thursday. The stock traded as high as $103.83 and last traded at $103.83, with a volume of 1,731 shares changing hands. The stock had previously closed at $103.18.

Analyst Upgrades and Downgrades

IBDRY has been the subject of a number of research reports. Citigroup reissued a “neutral” rating on shares of Iberdrola in a report on Wednesday, October 21st. DZ Bank upgraded shares of Iberdrola from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Oddo Bhf downgraded shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Kepler Capital Markets lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Iberdrola presently has a consensus rating of “Hold”.

Iberdrola Price Performance

The stock has a 50-day simple moving average of $95.77 and a 200 day simple moving average of $93.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.75. The company has a market cap of $172.50 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.62 and a beta of 0.48.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.06). The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.72 billion. Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. On average, equities analysts expect that Iberdrola S.A. will post 4.63 EPS for the current year.

Iberdrola Company Profile

Iberdrola is a Spanish energy company that generates and sells electricity and operates electricity networks. Its activities include renewable power, particularly wind, solar and hydropower, as well as other forms of energy generation and related services. Founded in 1992 through the merger of Spanish utilities Iberduero and Hidroeléctrica Española, the company has expanded internationally. It serves customers and operates energy businesses in markets including Spain, the United Kingdom, the United States, Brazil and other countries.