Iberdrola S.A. (OTCMKTS:IBDRY) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Iberdrola has a consensus analyst recommendation of "Hold" from seven firms (1 sell, 4 hold, 1 buy, 1 strong buy), and Goldman Sachs separately reiterated a "neutral" rating.
• The stock trades around $92.59 with a market cap of $156.43 billion and a P/E of 22.8, sitting near its 52-week high of $96.50 (52-week low $67.20).
• In the latest quarter Iberdrola reported an EPS miss of $1.15 vs. $1.19 expected while beating revenue forecasts ($14.06B vs. $13.62B), and analysts forecast roughly 4.6 EPS for the year.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) has received a consensus recommendation of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Separately, The Goldman Sachs Group reiterated a "neutral" rating on shares of Iberdrola in a report on Friday, February 27th.

Iberdrola Price Performance

Shares of IBDRY stock opened at $92.59 on Wednesday. The firm has a market cap of $156.43 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.32 and a beta of 0.66. Iberdrola has a fifty-two week low of $67.20 and a fifty-two week high of $96.50. The business's 50 day moving average price is $92.31 and its 200-day moving average price is $88.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.04). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. On average, equities research analysts anticipate that Iberdrola will post 4.6 earnings per share for the current year.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company's core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola's business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.

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