Iberdrola S.A. (OTCMKTS:IBDRY) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Iberdrola has a consensus “Hold” rating among nine analysts: four recommend buying, four recommend holding, and one recommends selling. Recent broker actions were mixed, with Deutsche Bank and Goldman Sachs upgrading the stock while Kepler and Oddo Bhf downgraded it.
• Iberdrola shares opened at $93.75, near their 50-day and 200-day moving averages, with a 52-week range of $75.51 to $100.64 and a market capitalization of approximately $156.4 billion.
• The company’s latest quarterly results fell slightly short of expectations, reporting $1.14 EPS versus $1.16 expected and revenue of $11.93 billion versus $12.08 billion anticipated. Analysts expect full-year EPS of about $4.69.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) has been given a consensus recommendation of "Hold" by the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company.

A number of brokerages have recently commented on IBDRY. Deutsche Bank Aktiengesellschaft raised shares of Iberdrola to a "buy" rating in a research note on Tuesday. Kepler Capital Markets downgraded Iberdrola from a "strong-buy" rating to a "hold" rating in a research note on Thursday. The Goldman Sachs Group raised Iberdrola from a "hold" rating to a "buy" rating in a research report on Thursday. Oddo Bhf cut shares of Iberdrola from an "outperform" rating to a "neutral" rating in a research report on Thursday, July 23rd. Finally, Erste Group Bank raised shares of Iberdrola from a "hold" rating to a "buy" rating in a report on Thursday, June 25th.

Iberdrola Stock Up 0.5%

Shares of OTCMKTS IBDRY opened at $93.75 on Friday. Iberdrola has a 52-week low of $75.51 and a 52-week high of $100.64. The firm has a fifty day moving average of $93.60 and a 200-day moving average of $93.64. The stock has a market capitalization of $156.40 billion, a PE ratio of 19.86, a P/E/G ratio of 1.62 and a beta of 0.55. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79.

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

Iberdrola Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.