S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33

Iberdrola (OTCMKTS:IBDRY) Upgraded by Citigroup to Neutral

Last updated on Tuesday, September 21, 2021 | 2021 MarketBeat

Iberdrola (OTCMKTS:IBDRY) was upgraded by stock analysts at Citigroup from a "sell" rating to a "neutral" rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other research firms also recently weighed in on IBDRY. UBS Group reiterated a "buy" rating on shares of Iberdrola in a research report on Thursday, September 9th. Barclays reiterated an "overweight" rating on shares of Iberdrola in a research report on Thursday, September 16th. Morgan Stanley set a $48.68 price target on shares of Iberdrola and gave the company an "overweight" rating in a research report on Friday, July 23rd. Royal Bank of Canada downgraded shares of Iberdrola from a "sector perform" rating to an "underperform" rating in a research report on Monday, June 28th. Finally, Societe Generale upgraded shares of Iberdrola from a "hold" rating to a "buy" rating in a research report on Tuesday, July 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.68.

Shares of IBDRY stock opened at $43.46 on Tuesday. The firm has a 50 day moving average price of $48.46 and a two-hundred day moving average price of $51.40. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $69.17 billion, a PE ratio of 17.60 and a beta of 0.44. Iberdrola has a 12-month low of $43.15 and a 12-month high of $61.52.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, July 21st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Iberdrola had a net margin of 9.29% and a return on equity of 7.22%. The firm had revenue of $10.44 billion during the quarter. As a group, research analysts expect that Iberdrola will post 2.55 EPS for the current year.

Iberdrola Company Profile

Iberdrola SA is a holding company, which engages in the generation, distribution, trading, and marketing of electricity. It operates through the following businesses: Networks, Liberalized, Renewables and Other Businesses. The Networks business engages in the transmission and distribution of energy businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States and Brazil.

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Analyst Recommendations for Iberdrola (OTCMKTS:IBDRY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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