JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Iberdrola (OTCMKTS:IBDRY)

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

A number of other equities research analysts have also recently issued reports on IBDRY. HSBC cut Iberdrola from a buy rating to a hold rating in a research note on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft cut Iberdrola from a buy rating to a hold rating in a research report on Tuesday, June 22nd. Barclays reiterated an overweight rating on shares of Iberdrola in a research report on Friday, June 4th. Zacks Investment Research cut Iberdrola from a hold rating to a sell rating in a research report on Wednesday. Finally, Royal Bank of Canada cut Iberdrola from a sector perform rating to an underperform rating in a research report on Monday, June 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold.

Iberdrola stock traded up $0.35 during midday trading on Thursday, reaching $48.21. The stock had a trading volume of 88,704 shares, compared to its average volume of 132,012. Iberdrola has a 12 month low of $46.94 and a 12 month high of $61.52. The business has a 50-day moving average of $51.80. The firm has a market cap of $76.53 billion, a price-to-earnings ratio of 19.60 and a beta of 0.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.70.

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

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