Iberdrola (OTCMKTS:IBDRY) Sets New 52-Week High – Here’s Why

Shares of Iberdrola, S.A. (OTCMKTS:IBDRY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.82 and last traded at $63.47, with a volume of 63420 shares. The stock had previously closed at $62.37.

Analysts Set New Price Targets

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

Iberdrola Trading Up 1.8 %

The firm has a market capitalization of $102.20 billion, a P/E ratio of 14.52, a PEG ratio of 1.79 and a beta of 0.88. The business’s 50 day moving average is $57.75 and its two-hundred day moving average is $57.85. 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.