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

Key Points

• Analysts maintain a “Hold” consensus on Iberdrola, with six hold ratings, two buys and one sell among nine analysts. Recent calls were mixed, including upgrades from Barclays and Erste Group Bank and a downgrade from Oddo Bhf.
• Iberdrola shares opened at $93.60, down 1.4%, with a 52-week range of $72.48 to $100.64 and a market capitalization of approximately $158.13 billion.
• The company’s latest quarterly results fell slightly short of expectations, reporting $1.14 in EPS versus a $1.16 consensus and $11.93 billion in revenue versus estimates of $12.08 billion.

Shares of Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) have been assigned an average rating of "Hold" from the nine analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company.

A number of analysts recently issued reports on the company. Oddo Bhf cut Iberdrola from an "outperform" rating to a "neutral" rating in a research note on Thursday, July 23rd. Citigroup upgraded Iberdrola to a "hold" rating in a report on Friday, June 26th. Barclays raised Iberdrola from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, May 26th. Finally, Erste Group Bank raised Iberdrola from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th.

Iberdrola Stock Down 1.4%

OTCMKTS:IBDRY opened at $93.60 on Friday. Iberdrola has a 1 year low of $72.48 and a 1 year high of $100.64. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a market cap of $158.13 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.40 and a beta of 0.64. The stock has a 50-day moving average price of $95.84 and a two-hundred day moving average price of $93.40.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.The business had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.08 billion. As a group, equities analysts expect that Iberdrola will post 4.61 earnings per share for the current year.

Iberdrola Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source