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

Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Tuesday . The company traded as high as $93.62 and last traded at $93.49, with a volume of 141590 shares. The stock had previously closed at $91.87.

Analysts Set New Price Targets

Several research analysts have weighed in on IBDRY shares. DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, Jefferies Financial Group cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Iberdrola Trading Up 1.8%

The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average is $86.75 and its 200-day moving average is $80.52. The firm has a market capitalization of $156.16 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.30 and a beta of 0.71.

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.