Iberdrola S.A. (OTCMKTS:IBDRY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have recently weighed in on the company. DZ Bank lowered Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Zacks Research cut Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research note on Monday, September 29th. Oddo Bhf raised Iberdrola from a “neutral” rating to an “outperform” rating in a report on Thursday, September 18th. Finally, Jefferies Financial Group lowered shares of Iberdrola to a “hold” rating in a report on Thursday.

Iberdrola Trading Up 0.1%

Shares of IBDRY stock opened at $83.45 on Friday. The firm has a fifty day moving average of $81.28 and a 200-day moving average of $76.61. The stock has a market cap of $139.39 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.16 and a beta of 0.72. Iberdrola has a 52-week low of $53.37 and a 52-week high of $85.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.81.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. The business had revenue of $12.94 billion for the quarter, compared to analysts’ expectations of $13.56 billion. On average, equities research analysts forecast that Iberdrola will post 3.57 earnings per share 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.