Iberdrola (OTCMKTS:IBDRY) Hits New 1-Year High - Here's What Happened

Key Points

• Iberdrola S.A. hit a new 52-week high of $79.90 during trading, indicating strong market interest with a volume of 19,144 shares changing hands.
• The company's average rating is currently a "Moderate Buy," with recent analyst ratings varying from "outperform" to "hold."
• Iberdrola reported $1.10 earnings per share (EPS) for its last quarterly report, surpassing expectations by $0.04, despite revenues falling short of estimates at $11.21 billion.

Shares of Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $79.90 and last traded at $79.73, with a volume of 19144 shares changing hands. The stock had previously closed at $79.37.

Analyst Upgrades and Downgrades

IBDRY has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Iberdrola in a report on Monday, September 29th. Oddo Bhf raised Iberdrola from a "neutral" rating to an "outperform" rating in a research note on Thursday, September 18th. Finally, Zacks Research lowered Iberdrola from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Iberdrola currently has an average rating of "Moderate Buy".

Iberdrola Price Performance

The company has a market capitalization of $133.00 billion, a PE ratio of 24.06, a PEG ratio of 2.41 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $75.72 and a two-hundred day moving average of $73.41.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.04. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%.The company had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.73 billion. Research analysts anticipate that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

About Iberdrola

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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