Iberdrola S.A. (OTCMKTS:IBDRY) Given Consensus Rating of “Hold” by Analysts

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company.

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

Iberdrola Trading Down 0.7%

OTCMKTS IBDRY opened at $95.87 on Thursday. The firm has a market capitalization of $161.97 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.64. The business’s 50-day moving average price is $92.80 and its two-hundred day moving average price is $90.71. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 12 month low of $69.66 and a 12 month high of $97.07.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. On average, analysts expect that Iberdrola 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.