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.
The company has solid fundamentals for a short-term investment strategy.
The company returns high margins, thereby supporting business profitability.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
This company will be of major interest to investors in search of a high dividend stock.
Analysts covering this company mostly recommend stock overweighting or purchase.
Technically, the stock approaches a strong medium-term resistance at EUR 6.75.
One of the major weak points of the company is its financial situation.
The group usually releases earnings worse than estimated.