Iberdrola (OTCMKTS:IBDRY) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Iberdrola (OTCMKTS:IBDRY) in a research note published on Wednesday morning, StockNewsAPI reports. The brokerage issued a hold rating on the utilities provider’s stock.

Separately, Barclays upgraded shares of Iberdrola to a hold rating in a research note on Tuesday, September 17th.

Iberdrola Price Performance

Shares of OTCMKTS:IBDRY opened at $60.26 on Wednesday. The company’s fifty day moving average price is $56.84 and its 200 day moving average price is $53.03. Iberdrola has a 12 month low of $41.24 and a 12 month high of $62.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.66. The firm has a market capitalization of $96.77 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.55 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.89 EPS for the quarter. Iberdrola had a net margin of 14.05% and a return on equity of 10.50%. The firm had revenue of $10.72 billion for the quarter. As a group, sell-side analysts predict 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.