Royal Bank of Canada Upgrades Iberdrola (OTCMKTS:IBDRY) to “Hold”

Iberdrola (OTCMKTS:IBDRY) was upgraded by analysts at Royal Bank of Canada to a “hold” rating in a research report issued on Monday,Zacks.com reports.

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

Iberdrola Stock Performance

Shares of OTCMKTS:IBDRY opened at $56.79 on Monday. The firm has a 50 day moving average of $58.93 and a 200 day moving average of $55.84. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $90.36 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. Iberdrola has a 52 week low of $45.19 and a 52 week high of $62.15.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 EPS for the quarter. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. The firm had revenue of $11.52 billion during the quarter. On average, sell-side analysts predict that Iberdrola will post 3.56 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.