Iberdrola (OTCMKTS:IBDRY) Sets New 12-Month High - Should You Buy?

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $78.17 and last traded at $77.25, with a volume of 4089 shares trading hands. The stock had previously closed at $76.39.

Analyst Upgrades and Downgrades

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

Iberdrola Stock Up 1.0%

The company has a 50-day moving average of $72.50 and a 200-day moving average of $63.28. 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 capitalization of $124.28 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.08. The business had revenue of $14.64 billion for the quarter, compared to analyst estimates of $11.06 billion. Iberdrola had a return on equity of 7.69% and a net margin of 10.81%. On average, equities analysts predict that Iberdrola S.A. will post 3.57 earnings per share for the current fiscal year.

Iberdrola Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, May 26th were issued a dividend of $0.0175 per share. This represents a dividend yield of 1.03%. The ex-dividend date was Friday, May 23rd. Iberdrola's dividend payout ratio (DPR) is presently 46.45%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.