Iberdrola (OTCMKTS:IBDRY) Stock Rating Lowered by Zacks Research

Iberdrola (OTCMKTS:IBDRY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on IBDRY. Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 18th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research note on Wednesday, August 27th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Iberdrola presently has a consensus rating of “Hold”.

Iberdrola Stock Performance

Iberdrola stock opened at $73.49 on Tuesday. Iberdrola has a fifty-two week low of $53.37 and a fifty-two week high of $78.31. The stock’s 50 day simple moving average is $73.72 and its two-hundred day simple moving average is $71.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.65 and a current ratio of 0.75. The stock has a market cap of $122.75 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.55 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.04. The company had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.73 billion. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%. As a group, analysts expect that Iberdrola will post 3.57 earnings per share for the current fiscal year.

About Iberdrola

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.