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

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Wednesday. The company traded as high as $101.76 and last traded at $101.72, with a volume of 2,038 shares changing hands. The stock had previously closed at $99.79.

Analyst Upgrades and Downgrades

IBDRY has been the subject of several recent research reports. Kepler Capital Markets downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Citigroup reissued a “neutral” rating on shares of Iberdrola in a research report on Wednesday, October 21st. The Goldman Sachs Group upgraded Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Oddo Bhf downgraded shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Finally, DZ Bank upgraded shares of Iberdrola from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Iberdrola has a consensus rating of “Hold”.

Iberdrola Stock Performance

The company’s 50 day simple moving average is $95.01 and its 200 day simple moving average is $93.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.75. The stock has a market cap of $170.32 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.60 and a beta of 0.48.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, October 21st. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06). The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. Analysts expect that Iberdrola S.A. will post 4.63 earnings per share for the current year.

Iberdrola Company Profile

Iberdrola is a Spanish energy company that generates and sells electricity and operates electricity networks. Its activities include renewable power, particularly wind, solar and hydropower, as well as other forms of energy generation and related services.

Founded in 1992 through the merger of Spanish utilities Iberduero and Hidroeléctrica Española, the company has expanded internationally. It serves customers and operates energy businesses in markets including Spain, the United Kingdom, the United States, Brazil and other countries.

Iberdrola’s international businesses include ScottishPower in the United Kingdom, Avangrid in the United States and Neoenergia in Brazil.