Iberdrola (OTCMKTS:IBDRY) Hits New 1-Year High – Here’s What Happened

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $84.89 and last traded at $84.89, with a volume of 18988 shares trading hands. The stock had previously closed at $83.61.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBDRY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research note on Monday, September 29th. DZ Bank downgraded shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Oddo Bhf upgraded shares of Iberdrola from a “neutral” rating to an “outperform” rating in a report on Thursday, September 18th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Zacks Research cut Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Iberdrola Stock Up 1.4%

The stock has a market cap of $141.59 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The business has a 50-day moving average price of $79.02 and a 200-day moving average price of $75.59. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.78.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $12.94 billion for the quarter, compared to analyst estimates of $13.56 billion. Iberdrola had a return on equity of 9.22% and a net margin of 12.10%. As a group, analysts forecast that Iberdrola S.A. will post 3.57 earnings per share for the current year.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.