No, it is a fully evolved Pokemon. For the record, no Pokemon has yet been known to evolve more than 2 times like Pidgey to Pidgeotto and Pidgeotto to Pidgeot.
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It doesn't evolve again.
Pidgeotto evolves into Pidgeot at lvl. 36.
Pidgey -> Pidgeotto -> Pidgeot 18lv. 36lv. If you don't understand, then the evolution is: Pidgey will evolve in 18lv. to Pidgeotto and Pidgeotto will evolve in 36lv to Pidgeot.
Pidgey evolves into Pidgeotto at level 18. Then at level 36 it will evolve again to Pidgeot.
it evolves into pidgeot at level 36 in all Pokemon versions...