Iberdrola (OTCMKTS:IBDRY) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Iberdrola (OTCMKTS:IBDRY) in a report released on Wednesday, 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 report on Tuesday, September 17th.

Iberdrola Stock Down 0.9 %

OTCMKTS:IBDRY opened at $59.86 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.77 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $57.13 and its two-hundred day moving average price is $53.21. Iberdrola has a twelve month low of $41.78 and a twelve month high of $62.15. The firm has a market capitalization of $96.12 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.89 earnings per share for the quarter. Iberdrola had a net margin of 14.05% and a return on equity of 10.50%. The company had revenue of $10.72 billion for the quarter. Equities research 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.