Iberdrola’s (IBDRY) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Iberdrola (OTCMKTS:IBDRY) in a report published on Thursday, The Fly reports.

IBDRY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft downgraded shares of Iberdrola from a buy rating to a hold rating in a research note on Tuesday, June 22nd. HSBC downgraded shares of Iberdrola from a buy rating to a hold rating in a research note on Tuesday, March 30th. Royal Bank of Canada downgraded shares of Iberdrola from a sector perform rating to an underperform rating in a research note on Monday, June 28th. Citigroup reiterated a sell rating on shares of Iberdrola in a research note on Wednesday, June 2nd. Finally, Societe Generale upgraded shares of Iberdrola from a hold rating to a buy rating in a research note on Tuesday, July 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Iberdrola presently has a consensus rating of Hold.

Shares of IBDRY stock traded up $0.35 on Thursday, hitting $48.21. The company’s stock had a trading volume of 88,704 shares, compared to its average volume of 132,012. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.70. The business has a 50 day simple moving average of $51.80. Iberdrola has a fifty-two week low of $46.94 and a fifty-two week high of $61.52. The company has a market cap of $76.53 billion, a P/E ratio of 19.60 and a beta of 0.44.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Wednesday, May 12th. The utilities provider reported $0.81 EPS for the quarter. Iberdrola had a net margin of 10.05% and a return on equity of 7.96%. The business had revenue of $12.16 billion for the quarter. On average, sell-side analysts anticipate that Iberdrola will post 2.55 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Monday, August 9th. Stockholders of record on Friday, July 9th will be paid a $0.8297 dividend. The ex-dividend date is Thursday, July 8th. This represents a dividend yield of 1.68%. Iberdrola’s payout ratio is currently 49.40%.

About Iberdrola

Iberdrola SA is a holding company, which engages in the generation, distribution, trading, and marketing of electricity. It operates through the following businesses: Networks, Liberalized, Renewables and Other Businesses. The Networks business engages in the transmission and distribution of energy businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States and Brazil.

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Analyst Recommendations for Iberdrola (OTCMKTS:IBDRY)

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