Iberdrola (OTCMKTS:IBDRY) Hits New 1-Year High – Still a Buy?

Iberdrola S.A. (OTCMKTS:IBDRY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $85.27 and last traded at $85.27, with a volume of 1070 shares changing hands. The stock had previously closed at $83.45.

Analyst Ratings Changes

IBDRY has been the subject of several research analyst reports. Zacks Research cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Iberdrola in a research note on Monday, September 29th. Erste Group Bank raised Iberdrola from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Oddo Bhf raised Iberdrola from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 18th. Finally, DZ Bank cut Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Iberdrola presently has an average rating of “Hold”.

Iberdrola Trading Up 1.4%

The stock’s fifty day simple moving average is $81.45 and its two-hundred day simple moving average is $76.74. The firm has a market cap of $142.72 billion, a PE ratio of 23.67, a PEG ratio of 2.18 and a beta of 0.72. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $12.94 billion for the quarter, compared to analysts’ expectations of $13.56 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%. On average, sell-side analysts forecast that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

Iberdrola Company Profile

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.