Iberdrola

IBE
End-of-day quote Bolsa de Madrid - 07/19
8.512EUR
-1.18%

The underlying trend is to the upside

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Anas Lozach
Analyst

Strategy published on : 07/09/2019 | 03:17

long trade
Live

Entry price : 8.592€
Target : 9.07€
Stop-loss : 8.3€
Potential : 5.56%

Shares in Iberdrola show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the € 9.07.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The company is one of the best yield companies with high dividend expectations.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 7.29 EUR


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.

Zonebourse.com 2019
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