Iberdrola (OTCMKTS:IBDRY) Hits New 52-Week High – Still a Buy?

Iberdrola S.A. (OTCMKTS:IBDRY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $96.34 and last traded at $96.0860, with a volume of 34947 shares traded. The stock had previously closed at $94.78.

Analyst Upgrades and Downgrades

IBDRY has been the topic of several research analyst reports. 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 downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Iberdrola currently has a consensus rating of “Hold”.

Iberdrola Stock Performance

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 firm has a market capitalization of $157.84 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.37 and a beta of 0.71. The stock has a fifty day moving average price of $89.51 and a 200-day moving average price of $82.49.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). The company had revenue of $13.76 billion during the quarter, compared to the consensus estimate of $13.76 billion. Iberdrola had a net margin of 13.74% and a return on equity of 10.38%. As a group, analysts anticipate that Iberdrola S.A. will post 3.57 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.