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

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 unusually-strong trading volume on Tuesday . Approximately 512,676 shares changed hands during mid-day 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.

Analyst Ratings Changes

Separately, Dbs Bank raised shares of Iberdrola to a "buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Iberdrola has an average rating of "Hold".

Iberdrola Stock Performance

The firm's fifty day moving average price is $73.91 and its 200-day moving average price is $68.19. 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 company has a market cap of $122.93 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.10 and a beta of 0.76.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.04. Iberdrola had a net margin of 11.30% and a return on equity of 8.18%. The firm had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.73 billion. As a group, research analysts forecast 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.

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