Deutsche Bank Aktiengesellschaft Initiates Coverage on Iberdrola (OTCMKTS:IBDRY)

Equities research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Iberdrola (OTCMKTS:IBDRY) in a research report issued on Wednesday, StockNewsAPI reports. The firm set a “hold” rating on the utilities provider’s stock.

Separately, Barclays raised Iberdrola to a “hold” rating in a research report on Tuesday, September 17th.

Iberdrola Stock Performance

IBDRY opened at $60.40 on Wednesday. The business’s 50-day simple moving average is $56.99 and its 200 day simple moving average is $53.09. Iberdrola has a 52-week low of $41.78 and a 52-week high of $62.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 0.77. The firm has a market capitalization of $96.99 billion, a PE ratio of 15.18, a PEG ratio of 2.55 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $10.72 billion for the quarter. Iberdrola had a net margin of 14.05% and a return on equity of 10.50%. As a group, sell-side analysts expect that Iberdrola will post 3.51 earnings per share for the current fiscal year.

About Iberdrola

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.