Iberdrola (OTCMKTS:IBDRY) Hits New 12-Month High – Should You Buy?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $82.78 and last traded at $82.5235, with a volume of 36625 shares changing hands. The stock had previously closed at $81.70.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. DZ Bank cut shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Zacks Research cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Iberdrola in a report on Monday, September 29th. Finally, Oddo Bhf upgraded Iberdrola from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Iberdrola Trading Up 1.0%

The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average price is $76.97 and its two-hundred day moving average price is $74.68. The firm has a market cap of $137.77 billion, a PE ratio of 22.85, a P/E/G ratio of 2.50 and a beta of 0.78.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data 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. Iberdrola had a return on equity of 9.22% and a net margin of 12.10%.The firm had revenue of $12.94 billion during the quarter, compared to analysts’ expectations of $13.56 billion. As a group, sell-side analysts forecast that Iberdrola S.A. will post 3.57 earnings per share 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.