Iberdrola (OTCMKTS:IBDRY) Upgraded by Erste Group Bank to Strong-Buy Rating

Erste Group Bank upgraded shares of Iberdrola (OTCMKTS:IBDRY) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 18th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Iberdrola in a report on Monday, September 29th. Zacks Research downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, DZ Bank cut Iberdrola from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Iberdrola Stock Up 0.9%

OTCMKTS:IBDRY traded up $0.78 during trading hours on Monday, hitting $83.26. The company’s stock had a trading volume of 22,165 shares, compared to its average volume of 109,258. Iberdrola has a 52-week low of $53.37 and a 52-week high of $83.35. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $139.07 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The stock has a fifty day moving average of $77.14 and a 200-day moving average of $74.77.

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. The business had revenue of $12.94 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Iberdrola had a return on equity of 9.22% and a net margin of 12.10%. On average, equities analysts forecast that Iberdrola will post 3.57 earnings per share for the current year.

About Iberdrola

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.