Iberdrola (OTCMKTS:IBDRY) Cut to Hold at Kepler Capital Markets

Key Points

• Kepler Capital Markets downgraded Iberdrola from “strong buy” to “hold,” while broader analyst sentiment remains “Hold,” with four Buy, four Hold, and one Sell rating.
• Iberdrola shares opened at $93.29 and were up 0.1%, with a market capitalization of approximately $155.63 billion and a 52-week range of $75.02 to $100.64.
• The company’s latest quarterly results fell slightly short of expectations: EPS was $1.14 versus $1.16 estimated, while revenue reached $11.93 billion compared with the $12.08 billion consensus forecast.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) was downgraded by investment analysts at Kepler Capital Markets from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also recently weighed in on IBDRY. Erste Group Bank raised shares of Iberdrola from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Citigroup upgraded shares of Iberdrola to a "hold" rating in a report on Friday, June 26th. The Goldman Sachs Group raised shares of Iberdrola from a "hold" rating to a "buy" rating in a research report on Thursday. Oddo Bhf lowered shares of Iberdrola from an "outperform" rating to a "neutral" rating in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Iberdrola to a "buy" rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Iberdrola Trading Up 0.1%

Shares of OTCMKTS:IBDRY opened at $93.29 on Thursday. The company has a market cap of $155.63 billion, a P/E ratio of 19.76, a PEG ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. Iberdrola has a 1 year low of $75.02 and a 1 year high of $100.64. The stock's fifty day moving average price is $93.65 and its 200-day moving average price is $93.64.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. The business had revenue of $11.93 billion for the quarter, compared to analysts' expectations of $12.08 billion. Sell-side analysts expect that Iberdrola will post 4.69 earnings per share for the current year.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.

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