Iberdrola (OTCMKTS:IBDRY) Raised to Hold at Royal Bank of Canada

Iberdrola (OTCMKTS:IBDRY) was upgraded by analysts at Royal Bank of Canada to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Iberdrola in a research note on Wednesday, October 2nd. They issued a “hold” rating for the company. Barclays upgraded Iberdrola to a “hold” rating in a report on Tuesday, September 17th.

Iberdrola Trading Down 0.1 %

Shares of OTCMKTS IBDRY opened at $56.79 on Monday. Iberdrola has a 1-year low of $45.19 and a 1-year high of $62.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69. The business’s 50 day moving average is $58.93 and its two-hundred day moving average is $55.84. The stock has a market capitalization of $90.36 billion, a P/E ratio of 13.00, a PEG ratio of 2.34 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share for the quarter. The firm had revenue of $11.52 billion for the quarter. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. As a group, research analysts expect that Iberdrola will post 3.56 EPS for the current year.

Iberdrola Company Profile

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.