Iberdrola (OTCMKTS:IBDRY) Reaches New 1-Year High – Still a Buy?

Iberdrola S.A. (OTCMKTS:IBDRY) shares hit a new 52-week high on Monday . The stock traded as high as $85.27 and last traded at $85.27, with a volume of 1070 shares changing hands. The stock had previously closed at $83.45.

Analysts Set New Price Targets

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

Iberdrola Stock Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market cap of $142.72 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.18 and a beta of 0.72. The business’s 50-day moving average price is $81.45 and its 200-day moving average price is $76.74.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $12.94 billion during the quarter, compared to analyst estimates of $13.56 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%. As a group, sell-side analysts expect that Iberdrola S.A. will post 3.57 earnings per share for the current fiscal year.

Iberdrola Company Profile

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.