Barclays Reiterates Overweight Rating for Iberdrola (OTCMKTS:IBDRY)

Iberdrola (OTCMKTS:IBDRY)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other research firms have also recently weighed in on IBDRY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Iberdrola in a research note on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research note on Thursday, November 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Iberdrola in a research note on Monday, November 2nd. Credit Suisse Group reiterated a “neutral” rating on shares of Iberdrola in a research note on Friday, November 20th. Finally, HSBC upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Iberdrola has a consensus rating of “Hold”.

IBDRY stock opened at $59.00 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.70 and a quick ratio of 0.57. Iberdrola has a 52-week low of $35.00 and a 52-week high of $61.52. The company has a 50-day moving average of $56.39 and a two-hundred day moving average of $52.10. The stock has a market capitalization of $93.66 billion, a price-to-earnings ratio of 23.60 and a beta of 0.44.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $0.62 earnings per share (EPS) for the quarter. Iberdrola had a net margin of 10.44% and a return on equity of 7.63%. The company had revenue of $9.09 billion during the quarter.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar thermal, photovoltaic, biomass, etc. It is also involved in the purchase and sale of electricity and gas on wholesale markets; and distribution of gas.

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The Fly

Analyst Recommendations for Iberdrola (OTCMKTS:IBDRY)

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