Iberdrola (OTCMKTS:IBDRY) Shares Down 1.3% – Should You Sell?

Iberdrola, S.A. (OTCMKTS:IBDRY) shares were down 1.3% during trading on Wednesday . The stock traded as low as $55.90 and last traded at $56.27. Approximately 103,366 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 90,213 shares. The stock had previously closed at $57.01.

Analyst Ratings Changes

IBDRY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Iberdrola in a report on Wednesday, October 2nd. They set a “hold” rating for the company. Barclays upgraded Iberdrola to a “hold” rating in a research note on Tuesday, September 17th.

Iberdrola Stock Performance

The stock’s 50 day simple moving average is $59.53 and its two-hundred day simple moving average is $55.54. The company has a market capitalization of $89.93 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.66.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share for the quarter. The company had revenue of $11.52 billion during the quarter. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. As a group, research analysts expect that Iberdrola, S.A. will post 3.57 earnings per share 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.