Iberdrola (OTCMKTS:IBDRY) Sets New 52-Week High – Here’s What Happened

Iberdrola S.A. (OTCMKTS:IBDRY) shares hit a new 52-week high on Friday . The stock traded as high as $79.90 and last traded at $79.73, with a volume of 19144 shares. The stock had previously closed at $79.37.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IBDRY shares. Zacks Research lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Iberdrola in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Iberdrola presently has a consensus rating of “Moderate Buy”.

Iberdrola Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 0.78. The business has a 50 day simple moving average of $75.79 and a 200-day simple moving average of $73.60. The company has a market capitalization of $132.94 billion, a P/E ratio of 24.05, a PEG ratio of 2.44 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. Iberdrola had a net margin of 11.30% and a return on equity of 8.27%. The firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.73 billion. Analysts predict that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.