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Iberdrola SA (NASDAQ:IBDRY) was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

Iberdrola SA (NASDAQ:IBDRY) traded down 1.03% on Thursday, hitting $28.96. The stock had a trading volume of 7,759 shares. Iberdrola SA has a 52 week low of $19.91 and a 52 week high of $30.80. The stock’s 50-day moving average is $29.43 and its 200-day moving average is $27.22. The company has a market cap of $46.144 billion and a price-to-earnings ratio of 12.81.

Iberdrola SA is a Spain-based holding company principally engaged in the energy sector. Its main activities include providing services related to the production, transmission and distribution of electric power or electricity-by products and their applications, computer and telecommunications services, services related to the treatment and distribution of water, as well as urban and gas retailing services.

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