Iberdrola (OTCMKTS:IBDRY) Upgraded by Royal Bank of Canada to "Hold" Rating

Iberdrola (OTCMKTS:IBDRY - Get Free Report) was upgraded by Royal Bank of Canada to a "hold" rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Iberdrola in a research report on Wednesday, October 2nd. They set a "hold" rating on the stock. Barclays upgraded shares of Iberdrola to a "hold" rating in a research report on Tuesday, September 17th.

Iberdrola Price Performance

Shares of IBDRY traded down $0.04 during mid-day trading on Monday, reaching $56.79. The company had a trading volume of 83,616 shares, compared to its average volume of 90,116. The company's 50-day moving average is $58.93 and its 200-day moving average is $55.84. The company has a market capitalization of $90.36 billion, a P/E ratio of 13.00, a P/E/G ratio of 2.34 and a beta of 0.81. Iberdrola has a twelve month low of $45.19 and a twelve month 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.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter. The firm had revenue of $11.52 billion for the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. On average, equities analysts anticipate 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.