Iberdrola (OTCMKTS:IBDRY) Sets New 1-Year High – Time to Buy?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Monday . The stock traded as high as $84.35 and last traded at $84.3250, with a volume of 30131 shares traded. The stock had previously closed at $83.89.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBDRY. DZ Bank downgraded Iberdrola from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research note on Monday, September 29th. Zacks Research lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a report on Thursday, September 18th. Finally, Erste Group Bank upgraded Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Iberdrola currently has an average rating of “Moderate Buy”.

Iberdrola Trading Up 0.1%

The firm’s fifty day simple moving average is $77.73 and its 200 day simple moving average is $75.01. The stock has a market capitalization of $140.24 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.65 and a current ratio of 0.75.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.56 billion. Iberdrola had a net margin of 12.10% and a return on equity of 9.22%. As a group, equities research analysts forecast that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.