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

Key Points

• Iberdrola experienced a significant increase in trading volume, with around 512,676 shares traded, marking a 359% rise from the previous day's 111,651 shares.
• Dbs Bank upgraded Iberdrola's stock to a "buy" rating, although the overall average rating remains "Hold" from analysts.
• In its latest earnings report, Iberdrola posted an EPS of $1.10, exceeding analyst estimates, though its revenue of $11.21 billion fell short of expectations of $11.73 billion.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) saw strong trading volume on Tuesday . 512,676 shares were traded during trading, an increase of 359% from the previous session's volume of 111,651 shares.The stock last traded at $76.34 and had previously closed at $75.54.

Iberdrola Stock Performance

The firm has a market capitalization of $129.90 billion, a PE ratio of 23.50, a P/E/G ratio of 2.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.75 and a quick ratio of 0.58. The company's fifty day simple moving average is $74.12 and its 200 day simple moving average is $68.67.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced 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. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%.The firm had revenue of $11.21 billion for the quarter, compared to analysts' expectations of $11.73 billion. As a group, equities research analysts expect that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

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.