Iberdrola (OTCMKTS:IBDRY) Hits New 52-Week High – Should You Buy?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high during trading on Tuesday . The company traded as high as $93.62 and last traded at $93.49, with a volume of 141590 shares traded. The stock had previously closed at $91.87.

Analyst Ratings Changes

Several research firms have commented on IBDRY. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Iberdrola presently has a consensus rating of “Hold”.

Iberdrola Stock Performance

The firm has a 50 day moving average price of $86.75 and a 200-day moving average price of $80.52. The firm has a market capitalization of $156.16 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.30 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.81 and a quick ratio of 0.72.

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.