Iberdrola (OTCMKTS:IBDRY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) saw an uptick in trading volume on Friday . 267,963 shares changed hands during trading, an increase of 177% from the previous session’s volume of 96,762 shares.The stock last traded at $94.09 and had previously closed at $95.08.

Analyst Ratings Changes

A number of research analysts have commented on the company. Erste Group Bank raised Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group reissued a “neutral” rating on shares of Iberdrola in a research report on Friday. Finally, Jefferies Financial Group lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Iberdrola Stock Down 0.6%

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 50 day moving average of $89.69 and a two-hundred day moving average of $82.71. The firm has a market capitalization of $157.84 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71.

Iberdrola (OTCMKTS:IBDRY) last issued its earnings results on Wednesday, February 25th. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.03). Iberdrola had a return on equity of 10.38% and a net margin of 13.74%.The business had revenue of $13.76 billion for the quarter, compared to analyst estimates of $13.76 billion. As a group, sell-side analysts anticipate that Iberdrola S.A. will post 3.57 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.