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

Iberdrola S.A. (OTCMKTS:IBDRY) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts have recently commented on the stock. Oddo Bhf cut shares of Iberdrola from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 23rd. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup raised shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th.

Iberdrola Stock Performance

OTCMKTS IBDRY opened at $93.76 on Tuesday. The company has a market cap of $156.42 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The stock’s 50 day simple moving average is $94.72 and its 200-day simple moving average is $93.51. Iberdrola has a 1-year low of $72.48 and a 1-year high of $100.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63.

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 9.88% and a net margin of 15.59%.The firm had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.08 billion. As a group, equities research analysts anticipate that Iberdrola will post 4.71 EPS for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational energy company headquartered in Bilbao. Its principal activities include electricity generation, transmission and distribution, renewable energy development, and the sale of electricity and related energy services to residential, commercial and industrial customers.

The company operates a diversified generation portfolio that includes onshore and offshore wind, solar power, hydroelectric facilities and nuclear energy. Iberdrola also develops and manages electricity networks and invests in grid modernization, digital infrastructure and other technologies that support the transition to lower-carbon energy systems.

Iberdrola serves customers and operates energy infrastructure across several markets, including Spain, the United Kingdom, the United States, Brazil, Mexico and Australia, as well as other European countries.