Iberdrola (OTCMKTS:IBDRY) Hits New 1-Year High - Should You Buy?

Key Points

• Iberdrola S.A. shares recently reached a new 52-week high of $78.51, with the stock closing at $78.24 and a trading volume of 23,172 shares.
• The company's current consensus analyst rating is "Moderate Buy", with two analysts rating it as a Buy and two as Hold.
• Iberdrola reported earnings of $1.10 per share, exceeding analysts' expectations, while its revenue for the quarter was $11.21 billion, which was below estimates of $11.73 billion.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $78.51 and last traded at $78.24, with a volume of 23172 shares traded. The stock had previously closed at $78.04.

Analyst Ratings Changes

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

Iberdrola Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.75 and a quick ratio of 0.65. The stock has a market cap of $131.12 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.41 and a beta of 0.79. The business's 50-day simple moving average is $75.04 and its two-hundred day simple moving average is $72.85.

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