Iberdrola (OTCMKTS:IBDRY) Stock Rating Upgraded by DZ Bank

Iberdrola (OTCMKTS:IBDRY) was upgraded by equities researchers at DZ Bank from a “strong sell” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. Oddo Bhf cut Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Iberdrola in a research report on Wednesday. The Goldman Sachs Group upgraded Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Iberdrola Stock Up 0.9%

Shares of IBDRY stock opened at $97.75 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Iberdrola has a 1 year low of $78.85 and a 1 year high of $100.64. The firm’s fifty day moving average price is $93.85 and its two-hundred day moving average price is $94.19. The firm has a market capitalization of $163.08 billion, a P/E ratio of 24.35, a PEG ratio of 1.70 and a beta of 0.55.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. The business had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.08 billion. On average, equities analysts predict that Iberdrola will post 4.62 EPS for the current fiscal year.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.