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

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

IBDRY has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. DZ Bank cut shares of Iberdrola from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th.

Iberdrola Stock Down 0.6%

IBDRY stock opened at $90.32 on Monday. Iberdrola has a 12 month low of $54.95 and a 12 month high of $91.17. The firm has a market cap of $150.86 billion, a PE ratio of 25.02, a P/E/G ratio of 2.27 and a beta of 0.72. The firm has a 50 day simple moving average of $85.93 and a 200 day simple moving average of $79.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.81 and a quick ratio of 0.72.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. The firm had revenue of $12.94 billion for the quarter, compared to analyst estimates of $13.56 billion. Equities research analysts forecast that Iberdrola will post 3.57 earnings per share for the current fiscal 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.