Iberdrola (OTCMKTS:IBDRY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Iberdrola S.A. (OTCMKTS:IBDRY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $95.00 and traded as high as $95.3599. Iberdrola shares last traded at $94.42, with a volume of 59,377 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBDRY. Oddo Bhf lowered shares of Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup upgraded shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Iberdrola Stock Performance

The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $95.14 and a 200-day moving average price of $92.79. The firm has a market cap of $161.39 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.The company had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.08 billion. On average, analysts expect that Iberdrola S.A. 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.