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

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company.

IBDRY has been the topic of a number of research analyst reports. Citigroup raised Iberdrola to a “hold” rating in a research note on Friday, June 26th. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th.

Iberdrola Trading Down 2.7%

Shares of IBDRY opened at $97.21 on Thursday. The firm has a market cap of $164.23 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. The business has a 50-day moving average of $93.31 and a 200 day moving average of $91.25. Iberdrola has a fifty-two week low of $69.66 and a fifty-two week high of $100.64.

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 analysts’ expectations of $13.62 billion. As a group, research analysts forecast that Iberdrola will post 4.59 EPS for the current year.

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.