Iberdrola S.A. (OTCMKTS:IBDRY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Iberdrola S.A. (OTCMKTS:IBDRY) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have commented on IBDRY. Oddo Bhf raised Iberdrola from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 18th. DZ Bank cut Iberdrola from a “hold” rating to a “strong sell” rating in a research note 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. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, Zacks Research downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd.

Iberdrola Stock Down 0.5%

Shares of IBDRY stock opened at $83.22 on Friday. The firm has a fifty day moving average of $80.98 and a 200-day moving average of $76.52. Iberdrola has a 12-month low of $53.37 and a 12-month high of $85.03. The company has a market capitalization of $139.00 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.29 and a beta of 0.72. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results 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 for the quarter, compared to analyst estimates of $13.56 billion. Iberdrola had a return on equity of 8.99% and a net margin of 12.10%. As a group, equities research analysts predict that Iberdrola will post 3.57 earnings per share for the current fiscal 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.