Iberdrola (OTCMKTS:IBDRY) Hits New 12-Month High – Here’s What Happened

Iberdrola S.A. (OTCMKTS:IBDRY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $84.35 and last traded at $84.3250, with a volume of 30131 shares. The stock had previously closed at $83.89.

Analyst Upgrades and Downgrades

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

Iberdrola Stock Performance

The firm has a market cap of $138.12 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The company has a 50 day simple moving average of $78.12 and a 200-day simple moving average of $75.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.75 and a quick ratio of 0.65.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The company had revenue of $12.94 billion for the quarter, compared to analysts’ expectations of $13.56 billion. Iberdrola had a return on equity of 9.22% and a net margin of 12.10%. As a group, equities research analysts anticipate that Iberdrola S.A. will post 3.57 EPS for the current 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.