Iberdrola (OTCMKTS:IBDRY) Shares Gap Down – What’s Next?

Iberdrola S.A. (OTCMKTS:IBDRY) shares gapped down before the market opened on Monday . The stock had previously closed at $98.29, but opened at $95.10. Iberdrola shares last traded at $97.80, with a volume of 9,757 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup raised shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Iberdrola Trading Down 1.0%

The company has a market capitalization of $164.32 billion, a PE ratio of 23.96, a PEG ratio of 2.50 and a beta of 0.64. The company has a fifty day simple moving average of $93.51 and a 200-day simple moving average of $91.44. 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 (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.04). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Analysts predict that Iberdrola S.A. will post 4.59 EPS for the current 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.