Iberdrola (OTCMKTS:IBDRY) Reaches New 1-Year Low at $42.97

Iberdrola, S.A. (OTCMKTS:IBDRY)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $42.97 and last traded at $43.26, with a volume of 110129 shares. The stock had previously closed at $43.57.

IBDRY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Iberdrola from a “buy” rating to a “hold” rating in a research note on Tuesday, June 22nd. Barclays reissued an “overweight” rating on shares of Iberdrola in a research note on Thursday, September 16th. Credit Suisse Group reissued a “neutral” rating on shares of Iberdrola in a research note on Thursday, July 15th. DZ Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a report on Friday, July 23rd. Finally, Zacks Investment Research upgraded Iberdrola from a “sell” rating to a “hold” rating in a report on Tuesday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.68.

The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $48.17 and a 200-day moving average of $51.26. The stock has a market capitalization of $68.85 billion, a price-to-earnings ratio of 17.64 and a beta of 0.44.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, July 21st. The utilities provider reported $0.41 earnings per share for the quarter. The company had revenue of $10.44 billion for the quarter. Iberdrola had a return on equity of 7.22% and a net margin of 9.29%. On average, equities research analysts anticipate that Iberdrola, S.A. will post 2.55 EPS for the current year.

The company also recently announced a dividend, which was paid on Monday, August 9th. Stockholders of record on Friday, July 9th were paid a dividend of $0.8297 per share. This represents a dividend yield of 1.68%. The ex-dividend date was Thursday, July 8th. Iberdrola’s payout ratio is currently 24.70%.

About Iberdrola (OTCMKTS:IBDRY)

Iberdrola SA is a holding company, which engages in the generation, distribution, trading, and marketing of electricity. It operates through the following businesses: Networks, Liberalized, Renewables and Other Businesses. The Networks business engages in the transmission and distribution of energy businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States and Brazil.

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