Iberdrola (OTCMKTS:IBDRY) Hits New 1-Year High – Here’s Why

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Thursday . The company traded as high as $96.63 and last traded at $96.2620, with a volume of 1954 shares. The stock had previously closed at $95.23.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Iberdrola in a research report on Friday, February 27th. Finally, Erste Group Bank downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Iberdrola Stock Performance

The firm has a market capitalization of $161.52 billion, a PE ratio of 23.55, a PEG ratio of 2.42 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. The company has a 50-day moving average of $92.72 and a 200 day moving average of $90.29.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.04). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. Equities research analysts predict that Iberdrola S.A. will post 4.59 EPS for the current 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.