Iberdrola shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend. Investors should benefit from the breakout of the € 9.2 level to target the € 10.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
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 8.31 EUR in weekly data.
Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
One of the major weak points of the company is its financial situation.
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