Iberdrola (OTCMKTS:IBDRY) Raised to “Hold” at Barclays

by · The Cerbat Gem

Barclays upgraded shares of Iberdrola (OTCMKTS:IBDRY – Free Report) to a hold rating in a research report released on Tuesday, Zacks.com reports.

Iberdrola Stock Performance

Shares of Iberdrola stock opened at $59.84 on Tuesday. The firm’s fifty day simple moving average is $55.11 and its 200-day simple moving average is $52.15. Iberdrola has a 12 month low of $41.24 and a 12 month high of $61.59. The stock has a market capitalization of $96.09 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.66.

Iberdrola (OTCMKTS:IBDRY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter. Iberdrola had a net margin of 14.05% and a return on equity of 10.50%. The company had revenue of $10.72 billion for the quarter. As a group, equities analysts forecast that Iberdrola will post 3.51 earnings per share for the current year.

Iberdrola Company Profile

(Get Free Report)

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.

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