Iberdrola (OTCMKTS:IBDRY) Shares Gap Down - Should You Sell?

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $76.53, but opened at $73.41. Iberdrola shares last traded at $73.65, with a volume of 7,832 shares traded.

Analysts Set New Price Targets

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

Iberdrola Price Performance

The company has a market cap of $118.39 billion, a PE ratio of 23.72, a P/E/G ratio of 2.19 and a beta of 0.79. The company has a quick ratio of 0.58, a current ratio of 0.69 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $73.43 and a 200 day simple moving average of $64.59.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.08. The company had revenue of $14.64 billion for the quarter, compared to analysts' expectations of $11.06 billion. Iberdrola had a net margin of 10.81% and a return on equity of 7.69%. Equities analysts expect that Iberdrola S.A. will post 3.57 EPS for the current year.

Iberdrola Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were given a $0.0175 dividend. This represents a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 23rd. Iberdrola's payout ratio is 94.52%.

Iberdrola Company Profile

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.