Iberdrola (OTCMKTS:IBDRY) Reaches New 1-Year High – Time to Buy?

Iberdrola S.A. (OTCMKTS:IBDRY) shares reached a new 52-week high on Wednesday . The company traded as high as $91.31 and last traded at $90.46, with a volume of 5951 shares traded. The stock had previously closed at $89.76.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IBDRY shares. Jefferies Financial Group downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Erste Group Bank raised Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Iberdrola Trading Up 2.0%

The company has a 50-day moving average of $86.54 and a 200 day moving average of $80.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market cap of $153.45 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.