Iberdrola (OTCMKTS:IBDRY) Sees Strong Trading Volume - What's Next?

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 Analyst Weigh In

Separately, Dbs Bank raised Iberdrola to a "buy" rating in a research note on Friday, April 25th.

Iberdrola Trading Up 0.9%

The firm has a 50 day moving average price of $73.70 and a two-hundred day moving average price of $67.54. The company has a market cap of $117.59 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.99 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.69 and a debt-to-equity ratio of 0.71.

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

Iberdrola Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Monday, May 26th were paid a dividend of $0.0175 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 103.0%. Iberdrola's dividend payout ratio (DPR) is currently 90.33%.

Iberdrola Company Profile

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.