Iberdrola (OTCMKTS:IBDRY) Shares Down 1.3% – Time to Sell?

Shares of Iberdrola, S.A. (OTCMKTS:IBDRY) dropped 1.3% on Wednesday . The stock traded as low as $55.90 and last traded at $56.27. Approximately 103,366 shares were traded during trading, an increase of 15% from the average daily volume of 90,213 shares. The stock had previously closed at $57.01.

Analysts Set New Price Targets

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

Iberdrola Stock Performance

The stock’s 50-day moving average price is $59.53 and its 200 day moving average price is $55.54. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.66. The firm has a market cap of $89.93 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.34 and a beta of 0.82.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter. The business 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, equities analysts predict that Iberdrola, S.A. will post 3.57 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.