Iberdrola (OTCMKTS:IBDRY) Hits New 12-Month High – Still a Buy?
by Tristan Rich · The Markets DailyIberdrola S.A. (OTCMKTS:IBDRY – Get Free Report)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $101.76 and last traded at $101.72, with a volume of 2,038 shares trading hands. The stock had previously closed at $99.79.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on IBDRY. Oddo Bhf lowered Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. DZ Bank raised Iberdrola from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 21st. Citigroup reiterated a “neutral” rating on shares of Iberdrola in a research report on Wednesday, October 21st. The Goldman Sachs Group upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on IBDRY
Iberdrola Price Performance
The firm has a market cap of $169.20 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.48. The stock has a 50 day simple moving average of $94.68 and a two-hundred day simple moving average of $93.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.75.
Iberdrola (OTCMKTS:IBDRY – Get Free Report) last issued its earnings results on Wednesday, October 21st. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06). The company had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. Sell-side analysts expect that Iberdrola S.A. will post 4.63 earnings per share for the current year.
About Iberdrola
Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.
The company also supplies electricity and related energy services to residential, commercial and industrial customers.