Iberdrola (OTCMKTS:IBDRY) Price Target Increased to €14.10 by Analysts at Barclays

Iberdrola (OTCMKTS:IBDRYGet Rating) had its target price raised by Barclays from €14.00 ($14.29) to €14.10 ($14.39) in a research note issued to investors on Tuesday morning, The Fly reports.

Iberdrola Price Performance

Shares of IBDRY opened at $41.51 on Tuesday. Iberdrola has a 12 month low of $38.28 and a 12 month high of $49.17. The stock’s 50-day moving average price is $42.40 and its two-hundred day moving average price is $43.65. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.62.

Iberdrola (OTCMKTS:IBDRYGet Rating) last announced its earnings results on Wednesday, July 27th. The utilities provider reported $0.64 EPS for the quarter. The company had revenue of $13.08 billion for the quarter. As a group, research analysts expect that Iberdrola will post 2.66 EPS for the current year.

Iberdrola Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, July 11th were given a $0.8805 dividend. The ex-dividend date was Friday, July 8th. This is a positive change from Iberdrola’s previous dividend of $0.02. This represents a dividend yield of 5.32%.

About Iberdrola

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Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries.

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Analyst Recommendations for Iberdrola (OTCMKTS:IBDRY)

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