Iberdrola S.A. (OTCMKTS:IBDRY) Receives Average Rating of “Hold” from Brokerages

Iberdrola S.A. (OTCMKTS:IBDRY) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have issued reports on IBDRY shares. The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th.

Iberdrola Price Performance

Shares of IBDRY stock opened at $89.05 on Tuesday. Iberdrola has a 12-month low of $61.34 and a 12-month high of $96.50. The firm has a market capitalization of $150.45 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. 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 fifty day moving average of $90.72 and a 200-day moving average of $84.40.

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