Iberdrola (OTCMKTS:IBDRY) Sees Large Volume Increase - Here's Why

Key Points

• Iberdrola saw a significant increase in trading volume, with 1,441,078 shares traded recently, marking a 1,169% increase from the previous session.
• Analysts at Dbs Bank upgraded Iberdrola to a "buy" rating on April 25th, indicating positive sentiment towards the company.
• The company recently reported an EPS of $1.10 for the last quarter, surpassing estimates, though revenue fell short of expectations at $11.21 billion.

Shares of Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,441,078 shares were traded during mid-day trading, an increase of 1,169% from the previous session's volume of 113,556 shares.The stock last traded at $70.65 and had previously closed at $72.43.

Analyst Upgrades and Downgrades

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

Iberdrola Price Performance

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 stock has a market cap of $113.90 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.91 and a beta of 0.79. The company's 50 day simple moving average is $73.89 and its 200 day simple moving average is $66.55.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its quarterly 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. The company had revenue of $11.21 billion during the quarter, compared to analysts' expectations of $11.73 billion. Iberdrola had a net margin of 11.30% and a return on equity of 8.18%. 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 business also recently declared a dividend, which was paid on Monday, June 9th. Stockholders 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 dividend payout ratio is 89.43%.

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.