DZ Bank Upgrades Iberdrola (OTCMKTS:IBDRY) to “Hold”

Iberdrola (OTCMKTS:IBDRY) was upgraded by analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Other equities research analysts have also recently issued reports about the stock. Kepler Capital Markets cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft raised Iberdrola to a “buy” rating in a report on Tuesday, September 29th. The Goldman Sachs Group upgraded Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Citigroup reaffirmed a “neutral” rating on shares of Iberdrola in a research note on Wednesday. Finally, Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Iberdrola Price Performance

Shares of Iberdrola stock opened at $97.75 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. Iberdrola has a one year low of $78.85 and a one year high of $100.64. The business’s 50 day simple moving average is $93.85 and its two-hundred day simple moving average is $94.19. The stock has a market capitalization of $163.08 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.55.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. The business had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. Analysts forecast that Iberdrola will post 4.62 EPS for the current year.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.