Iberdrola (OTCMKTS:IBDRY) Reaches New 1-Year High – What’s Next?

Iberdrola S.A. (OTCMKTS:IBDRY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $91.31 and last traded at $90.46, with a volume of 5951 shares changing hands. The stock had previously closed at $89.76.

Analyst Ratings Changes

A number of 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 research note on Monday, November 10th. Jefferies Financial Group cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Iberdrola Trading Up 0.8%

The company has a market cap of $151.20 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.24 and a beta of 0.71. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $86.18 and its two-hundred day simple moving average is $80.00.

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.