Iberdrola (OTCMKTS:IBDRY) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Iberdrola (OTCMKTS:IBDRY) to a hold rating in a research report report published on Monday,Zacks.com reports.

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

Iberdrola Stock Performance

Shares of IBDRY opened at $56.33 on Monday. Iberdrola has a 12 month low of $45.19 and a 12 month high of $62.15. The firm has a fifty day simple moving average of $58.85 and a 200 day simple moving average of $55.84. The stock has a market capitalization of $89.62 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 2.34 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 0.67.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 EPS for the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. The business had revenue of $11.52 billion during the quarter. Research analysts forecast that Iberdrola will post 3.56 EPS for the current fiscal 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.