Iberdrola (OTCMKTS:IBDRY) Sees Strong Trading Volume - Should You Buy?

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.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) shares saw strong trading volume on Monday . 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.

Wall Street Analyst Weigh In

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

Iberdrola Trading Down 2.4%

The company has a 50 day simple moving average of $74.07 and a 200 day simple moving average of $66.27. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $113.80 billion, a PE ratio of 21.35, a P/E/G ratio of 2.07 and a beta of 0.79.

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

Iberdrola Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, May 26th were paid a dividend of $0.0175 per share. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, May 23rd. Iberdrola's dividend payout ratio (DPR) 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.

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