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

Iberdrola S.A. (OTCMKTS:IBDRY) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company.

IBDRY has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. Erste Group Bank downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday.

Iberdrola Trading Down 0.1%

Shares of IBDRY stock opened at $90.77 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. Iberdrola has a 52-week low of $69.66 and a 52-week high of $96.50. The company has a market capitalization of $153.35 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. The business’s fifty day moving average is $92.28 and its 200 day moving average is $89.40.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. On average, equities research analysts anticipate that Iberdrola will post 4.6 EPS for the current fiscal 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.