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Iberdrola (OTCMKTS:IBDRY) Reaches New 1-Year High - Still a Buy?

Iberdrola logo with Utilities background

Iberdrola, S.A. (OTCMKTS:IBDRY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $75.79 and last traded at $75.60, with a volume of 134477 shares traded. The stock had previously closed at $74.12.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded shares of Iberdrola to a "buy" rating in a research report on Friday, April 25th.

Get Our Latest Report on Iberdrola

Iberdrola Stock Performance

The company has a market capitalization of $120.68 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 0.79. The stock's fifty day simple moving average is $71.01 and its 200-day simple moving average is $62.28.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.08. The business had revenue of $14.64 billion for the quarter, compared to analyst estimates of $11.06 billion. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. As a group, equities analysts predict that Iberdrola, S.A. will post 3.57 earnings per share for the current year.

Iberdrola Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Monday, May 26th were issued a $0.0175 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 1.03%. Iberdrola's payout ratio is 46.13%.

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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