Iberdrola (OTCMKTS:IBDRY) Sets New 52-Week High – Should You Buy?

Iberdrola S.A. (OTCMKTS:IBDRY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.62 and last traded at $93.49, with a volume of 141590 shares trading hands. The stock had previously closed at $91.87.

Wall Street Analyst Weigh In

IBDRY has been the topic of several analyst reports. DZ Bank lowered shares of Iberdrola from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Jefferies Financial Group lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Iberdrola has an average rating of “Hold”.

Iberdrola Trading Down 0.4%

The firm has a market cap of $158.68 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.71. The company’s 50-day moving average price is $87.38 and its 200-day moving average price is $80.87. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

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.