Iberdrola (OTCMKTS:IBDRY) Upgraded at Erste Group Bank

Iberdrola (OTCMKTS:IBDRY) was upgraded by Erste Group Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

IBDRY has been the topic of several other reports. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Iberdrola has an average rating of “Hold”.

Iberdrola Price Performance

Shares of OTCMKTS:IBDRY opened at $95.87 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 12 month low of $69.66 and a 12 month high of $97.07. The stock has a market cap of $161.97 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.45 and a beta of 0.64. The company has a 50 day moving average of $92.80 and a 200 day moving average of $90.71.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. As a group, sell-side analysts forecast that Iberdrola will post 4.59 EPS for the current fiscal 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.