Iberdrola (OTCMKTS:IBDRY) Sets New 12-Month High – Still a Buy?

Iberdrola, S.A. (OTCMKTS:IBDRY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $62.65 and last traded at $62.50, with a volume of 55852 shares trading hands. The stock had previously closed at $61.58.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Iberdrola to a “hold” rating in a research report on Monday, December 2nd.

Iberdrola Stock Up 1.5 %

The business has a 50-day simple moving average of $57.14 and a two-hundred day simple moving average of $57.72. The company has a market cap of $100.63 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.67.

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.