Iberdrola (OTCMKTS:IBDRY) Rating Lowered to “Hold” at Kepler Capital Markets

Iberdrola (OTCMKTS:IBDRY) was downgraded by investment analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other analysts have also recently issued reports on IBDRY. Deutsche Bank Aktiengesellschaft upgraded Iberdrola to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upgraded Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup upgraded shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Oddo Bhf downgraded shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Iberdrola Stock Performance

Shares of OTCMKTS IBDRY opened at $93.29 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. Iberdrola has a 1 year low of $75.02 and a 1 year high of $100.64. The firm has a fifty day moving average price of $93.65 and a 200-day moving average price of $93.64. The stock has a market cap of $155.63 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.08 billion. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%. Equities analysts anticipate that Iberdrola will post 4.69 earnings per share for the current fiscal year.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.