Iberdrola (OTCMKTS:IBDRY) Sets New 52-Week High – Still a Buy?

Iberdrola S.A. (OTCMKTS:IBDRY) shares reached a new 52-week high on Tuesday . The stock traded as high as $95.83 and last traded at $95.14, with a volume of 5879 shares changing hands. The stock had previously closed at $95.49.

Wall Street Analyst Weigh In

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

Iberdrola Price Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.81. The business has a 50 day simple moving average of $87.86 and a 200-day simple moving average of $81.37. The firm has a market cap of $158.93 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.39 and a beta of 0.71.

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.