Iberdrola (OTCMKTS:IBDRY) Sees Strong Trading Volume – Still a Buy?

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) saw unusually-high trading volume on Wednesday . Approximately 174,547 shares were traded during trading, an increase of 131% from the previous session’s volume of 75,563 shares.The stock last traded at $85.36 and had previously closed at $86.91.

Wall Street Analyst Weigh In

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

Iberdrola Stock Up 0.5%

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 firm has a market cap of $143.03 billion, a PE ratio of 23.72, a P/E/G ratio of 2.19 and a beta of 0.72. The business has a fifty day moving average price of $84.67 and a two-hundred day moving average price of $78.56.

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

Iberdrola Company Profile

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.