Iberdrola (OTCMKTS:IBDRY) Reaches New 12-Month High – Should You Buy?

Iberdrola S.A. (OTCMKTS:IBDRY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $100.64 and last traded at $99.90, with a volume of 52672 shares changing hands. The stock had previously closed at $100.11.

Analyst Ratings Changes

A number of brokerages recently commented on IBDRY. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup upgraded shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Iberdrola Trading Down 0.2%

The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $168.78 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.54 and a beta of 0.64. The firm has a 50-day moving average of $93.24 and a 200 day moving average of $91.15.

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 the consensus estimate of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.62 billion. As a group, equities analysts predict that Iberdrola S.A. will post 4.59 EPS for the current fiscal year.

Iberdrola Company Profile

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.