Iberdrola (OTCMKTS:IBDRY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Iberdrola's stock experienced a significant increase in trading volume, rising by 97% to 216,260 shares traded, although the stock price saw a slight decline to $72.61.
• Dbs Bank has upgraded Iberdrola to a "buy" rating as of April 25th, potentially influencing investor sentiment.
• The company recently reported earnings of $1.10 per share, surpassing estimates, but it also cut its dividend, which yields 103% with a payout ratio of 90.33%.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) shares saw an uptick in trading volume on Friday . 216,260 shares were traded during mid-day trading, an increase of 97% from the previous session's volume of 109,795 shares.The stock last traded at $72.61 and had previously closed at $72.79.

Wall Street Analysts Forecast Growth

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

Iberdrola Stock Down 0.6%

The company has a debt-to-equity ratio of 0.71, a current ratio of 0.69 and a quick ratio of 0.58. The firm's 50 day moving average is $73.72 and its two-hundred day moving average is $67.34. The firm has a market capitalization of $116.48 billion, a P/E ratio of 21.86, a PEG ratio of 1.99 and a beta of 0.76.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.04. Iberdrola had a net margin of 11.30% and a return on equity of 8.18%. The business had revenue of $11.21 billion during the quarter, compared to analysts' expectations of $11.73 billion. Research analysts predict that Iberdrola S.A. will post 3.57 EPS for the current year.

Iberdrola Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were issued a $0.0175 dividend. This represents a dividend yield of 103.0%. The ex-dividend date was Friday, May 23rd. Iberdrola's payout ratio is currently 90.33%.

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.