Iberdrola’s (IBDRY) Neutral Rating Reiterated at The Goldman Sachs Group

Iberdrola (OTCMKTS:IBDRY)‘s stock had its “neutral” rating reiterated by equities research analysts at The Goldman Sachs Group in a report issued on Friday.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group lowered shares of 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Iberdrola Trading Down 1.4%

Shares of OTCMKTS IBDRY opened at $95.08 on Friday. The business has a 50 day simple moving average of $89.51 and a 200 day simple moving average of $82.49. Iberdrola has a 52 week low of $57.08 and a 52 week high of $96.50. The stock has a market cap of $158.81 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 2.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.81.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.03). The business had revenue of $13.76 billion for the quarter, compared to the consensus estimate of $13.76 billion. Iberdrola had a net margin of 13.74% and a return on equity of 10.38%. On average, research analysts predict that Iberdrola will post 3.57 earnings per share for the current fiscal year.

About Iberdrola

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.