Iberdrola’s (IBDRY) “Neutral” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reissued their neutral rating on shares of Iberdrola (OTCMKTS:IBDRY) in a research report report published on Friday, Marketbeat reports.

Several other research firms also recently issued reports on IBDRY. Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Iberdrola Stock Down 0.6%

Shares of IBDRY stock opened at $94.50 on Friday. Iberdrola has a 12 month low of $57.26 and a 12 month high of $96.50. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76. The firm has a market cap of $157.84 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71. The stock has a 50 day moving average of $89.69 and a 200-day moving average of $82.77.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.03). The company had revenue of $13.76 billion during the quarter, compared to analyst estimates of $13.76 billion. Iberdrola had a return on equity of 10.38% and a net margin of 13.74%. On average, equities analysts predict that Iberdrola will post 3.57 EPS 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.