Shares in Iberdrola are currently testing the support level at 5.98 EUR on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock. Investors have an opportunity to buy the stock and target the € 7.4.
In a short-term perspective, the company has interesting fundamentals.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 5.98 EUR in weekly data.
The group's high margin levels account for strong profits.
The company's attractive earnings multiples are brought to light by a P/E ratio at 13.41 for the current year.
This company will be of major interest to investors in search of a high dividend stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
One of the major weak points of the company is its financial situation.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
Revenue estimates are regularly revised downwards for the current and coming years.
Below the resistance at 6.46 EUR, the stock shows a negative configuration when looking looking at the weekly chart.