Iberdrola (OTCMKTS:IBDRY) Price Target Increased to €14.10 by Analysts at Barclays

Iberdrola (OTCMKTS:IBDRYGet Rating) had its price target increased by Barclays from €14.00 ($14.29) to €14.10 ($14.39) in a research report sent to investors on Tuesday morning, The Fly reports.

Iberdrola Trading Up 0.3 %

Shares of OTCMKTS:IBDRY opened at $40.93 on Tuesday. The firm has a market capitalization of $65.10 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.60. The firm has a fifty day moving average of $42.48 and a two-hundred day moving average of $43.63. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.62. Iberdrola has a 12-month low of $38.28 and a 12-month high of $49.17.

Iberdrola (OTCMKTS:IBDRYGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The utilities provider reported $0.64 earnings per share for the quarter. The business had revenue of $13.08 billion for the quarter. On average, equities analysts expect that Iberdrola will post 2.67 EPS for the current fiscal year.

Iberdrola Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 12th. Investors of record on Monday, July 11th were issued a $0.8805 dividend. This represents a yield of 5.32%. The ex-dividend date of this dividend was Friday, July 8th. This is an increase from Iberdrola’s previous dividend of $0.02.

About Iberdrola

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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 photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries.

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Analyst Recommendations for Iberdrola (OTCMKTS:IBDRY)

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