Iberdrola (OTCMKTS:IBDRY) Stock Price Down 1.3% - Here's Why

Key Points

• Iberdrola stock price decreased by 1.3% on Monday, trading at $75.54, with a significant drop in share volume of 25% compared to the average.
• Analysts have upgraded Iberdrola to a "buy" rating, reflecting a positive outlook despite recent stock fluctuations.
• The company reported $1.10 EPS exceeding expectations, but its revenue fell short of estimates at $11.21 billion in its last earnings announcement.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report)'s share price was down 1.3% on Monday . The stock traded as low as $75.39 and last traded at $75.54. Approximately 101,323 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 135,185 shares. The stock had previously closed at $76.53.

Analyst Ratings Changes

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

Iberdrola Trading Up 0.8%

The company has a market cap of $129.90 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.78. The business has a 50-day simple moving average of $74.12 and a 200-day simple moving average of $68.60.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.04. The company had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.73 billion. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%. On average, analysts predict 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.