Iberdrola (OTCMKTS:IBDRY) Shares Up 1.4% - Should You Buy?

Iberdrola, S.A. (OTCMKTS:IBDRY - Get Free Report) shares shot up 1.4% during trading on Tuesday . The company traded as high as $74.05 and last traded at $73.82. 107,106 shares traded hands during trading, a decline of 1% from the average session volume of 108,417 shares. The stock had previously closed at $72.78.

Analyst Ratings Changes

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

Iberdrola Stock Performance

The stock's 50-day moving average is $70.33 and its 200 day moving average is $61.90. The stock has a market cap of $119.34 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.08. The company had revenue of $14.64 billion during the quarter, compared to analysts' expectations of $11.06 billion. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. As a group, analysts predict that Iberdrola, S.A. will post 3.57 earnings per share for the current fiscal year.

Iberdrola Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, May 26th were paid a dividend of $0.0175 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 1.03%. Iberdrola's dividend payout ratio is currently 46.13%.

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.