Iberdrola S.A. (OTCMKTS:IBDRY) Receives Average Rating of “Hold” from Analysts

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company.

IBDRY has been the subject of several research reports. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. Finally, Erste Group Bank downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th.

Iberdrola Stock Up 0.1%

IBDRY opened at $90.75 on Friday. The firm has a 50-day simple moving average of $92.38 and a two-hundred day simple moving average of $89.67. Iberdrola has a 52 week low of $69.66 and a 52 week high of $96.50. The company has a market capitalization of $153.32 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.30 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.72.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. Analysts forecast that Iberdrola will post 4.6 earnings per share for the current fiscal year.

About Iberdrola

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.