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

Iberdrola S.A. (OTCMKTS:IBDRY) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

A number of brokerages recently commented on IBDRY. DZ Bank downgraded shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Erste Group Bank raised Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Iberdrola in a report on Monday, September 29th. Finally, Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th.

Iberdrola Stock Performance

Shares of IBDRY opened at $86.96 on Monday. The stock has a market capitalization of $145.25 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.17 and a beta of 0.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.81. Iberdrola has a 1 year low of $54.77 and a 1 year high of $89.27. The company’s fifty day moving average is $85.23 and its two-hundred day moving average is $79.15.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Iberdrola had a net margin of 12.10% and a return on equity of 8.99%. The company had revenue of $12.94 billion during the quarter, compared to analysts’ expectations of $13.56 billion. On average, sell-side analysts predict that Iberdrola will post 3.57 earnings per share for the current year.

About Iberdrola

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.